Al-Sadi reviews financial guarantees in Washington

Lebanese Minister of Energy and Water, Joseph Farid, emphasized that developing Lebanon's energy sector requires investments from the private sector or friendly nations and necessitates financial guarantees due to its troubled history. During his visit to Washington, he discussed ongoing reforms in the electricity sector, addressing governance issues, legal enforcement, improving collection, reducing technical losses and encroachments, with teams from the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA). The goal is to secure financial guarantees for future projects.

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