WASHINGTON, June 27, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
Lebanon - Creating Economic Opportunities in Support of the Lebanon National Jobs Program (Program-for-Results)
IBRD Loan: US$400 million equivalent (consisting of a concessional portion of US$70.1 million from the Global Concessional Financing Facility (GCFF) and a non-concessional portion of US$329.9 million)
Project ID: P163576
Loan maturity (non-concessional portion): 22 years – Grace period of 6 years
Project Description: The project will improve economic opportunities for Lebanese unemployed or inactive women and youth, Lebanese businesses, with the focus on small and medium enterprises and Syrian refugees.
