imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Calendar Publish RSS
latest news
best of news




A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List


IMC Network:

Original Cities africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech

Surviving Cities africa: canada: quebec east asia: japan europe: athens barcelona belgium bristol brussels cyprus germany grenoble ireland istanbul lille linksunten nantes netherlands norway portugal united kingdom latin america: argentina cmi brasil rosario oceania: aotearoa united states: austin big muddy binghamton boston chicago columbus la michigan nyc portland rochester saint louis san diego san francisco bay area santa cruz, ca tennessee urbana-champaign worcester west asia: palestine process: fbi/legal updates process & imc docs projects: radio satellite tv
printable version - js reader version - view hidden posts - tags and related articles

Lebanon: loans with World Bank, EU

by Daily Star Wednesday, Sep. 12, 2007 at 9:59 AM

The Lebanese government signed several loan agreements with the World Bank and the European Union on Friday to help the reform and reconstruction efforts. Prime Minister Fouad Siniora, who attended both signing ceremonies at the Grand Serail, underlined the importance of implementing reforms on time.

Lebanon signs loan deals with World Bank, EU to help reform, reconstruction

Siniora stresses importance of timely implementation

By Osama Habib

Daily Star staff

Saturday, September 08, 2007

BEIRUT: The Lebanese government signed several loan agreements with the World Bank and the European Union on Friday to help the reform and reconstruction efforts. Prime Minister Fouad Siniora, who attended both signing ceremonies at the Grand Serail, underlined the importance of implementing reforms on time.

"We cannot put time in the freezer and then assume that everything is fine," Siniora said, alluding to the time wasted since the Civil War started more than 32 years ago.

He added that Lebanon wasted many opportunities as a result of wars and conflicts, noting that the government achieved many things since the convening of Paris III donor conference.

"We are now looking at a lot of things that were implemented over the past few months since the Paris III conference, but as you know there are many bills that need the approval of the Parliament," Siniora said.

The donor states pledged .6 billion in soft loans and grants to allow the government reduce the public debt, implement reforms and stimulate the sluggish economy.

But many of the reform proposals require the approval of the Parliament which is currently inactive due to the sharp differences between Parliament Speaker Nabih Berri and March 14 politicians.

There is growing concern that the current government may not be able to keep its promises to the international community if the political crisis takes a turn for the worse.

Should the situation deteriorate further after the presidential elections, one of the first casualties will be the privatization program, one of the key reforms mentioned in the five-year plan submitted to the donor states.

Privatization, according to officials, should generate more than billion and this money will be used to reduce the billion public debt.

Siniora again highlighted the problems of electricity which is one of the main sources of waste.

The World Bank package consists of two grants and a long-term loan.

The grants are funded by the million pledge by the World Bank in 2006 in the aftermath of the Israeli war on Lebanon.

The Reform Implementation Development Policy Loan (RIDPL) allocated in the energy sector comes from a 0 million financial pledge made by the World Bank at the Paris III conference that was held on January 25 of this year.

The agreements were signed by Finance Minister Jihad Azour and World Bank Regional vice president, Middle East and North Africa, Daniela Gressani.

The first World Bank loan, worth 0 million, will support key reforms under the three pillars of the government's overall modernization program, fiscal adjustment, growth enhancement and social-sector reforms.

The second million grant is designed to accelerate and improve the implementation of a package of social reforms, including social security, health and social safety.

Part of the money will be designed to carry out necessary reforms in the National Social Security Fund and public health.

The third grant, worth 8,000, will be allocated to the Finance Ministry to modernize public financial management systems.

Azour made a presentation to the World Bank officials, highlighting the major achievements of the Finance Ministry.

According to the progress report in the first seven months of 2007, over .4 billion were received by the government from the donor states.

In addition, another 0 million is expected to be finalized by the end of the year.

Earlier in the day, the government singed seven loan agreements with the EU valued at 74 million euro (1 million).

The soft loans will be used for reforms and reconstruction.

The EU has allocated 50 million euros to help in the reconstruction of villages and towns damaged by Israeli attacks.

EU officials said that all the details of these loans will be made available in web sites.

Lebanon has already spent more than 4 million to rebuild the southern suburbs, villages and infrastructure.

Report this post as:

Listed below are the 10 latest comments of 2 posted about this article.
These comments are anonymously submitted by the website visitors.
what could be worse? Dangby Wednesday, Sep. 12, 2007 at 3:11 PM
they (us taxes) didn't repay the other time PrionPartyy Wednesday, Sep. 12, 2007 at 3:55 PM

Local News

Change Links 2018 July posted J09 1:27PM

More Pix: "Families Belong Together," Pasadena J02 12:16PM

"Families Belong Together" March, Pasadena J02 12:08PM

Short Report on the Families Belong Together Protest in Los Angeles J30 4:26PM

Summer 2018 National Immigrant Solidarity Network News Alert! J10 11:58PM

Watch the Debate: Excluded Candidates for Governor of California M30 10:20PM

Change Links June 2018 posted M28 12:41AM

The Montrose Peace Vigil at 12 Years M22 1:01PM

Unity Archive Project M21 2:42AM

Dianne Feinstein's Promotion of War, Secret Animal Abuse, Military Profiteering, Censorshi M17 3:22PM

CA Senate Bill 1303 would require an independent coroner rather than being part of police M10 2:08PM

Three years after OC snitch scandal, no charges filed against sheriffs deputies M10 1:57PM

California police agencies violate Brown Act (open meetings) M02 1:31PM

Insane Company Wants To Send Nuke Plant Waste To New Mexico A29 4:47PM

Change Links May 2018 A27 1:40AM

Worker-Owned Car Wash on Vermont Closed A26 10:37PM


lausd whistle blower A10 11:58PM

Website Upgrade A10 3:02AM

Help KCET and UCLA identify 60s-70s Chicano images A04 1:02PM

UCLA Luskin: Casting Youth Justice in a Different Light A02 11:58AM

Change Links April 2018 A01 11:27AM

Nuclear Shutdown News March 2018 M31 6:57PM

Join The Protest Rally in Glendale on April 10, 2018! M29 7:00PM

Spring 2018 National Immigrant Solidarity Network News Alert! M19 2:02PM

Anti-Eviction Mapping Project Shows Shocking Eviction Trends in L.A. M16 5:40PM

Steve Mnuchin video at UCLA released M15 12:34AM

Actress and Philanthropist Tanna Frederick Hosts Project Save Our Surf Beach Clean Ups M06 12:10PM

More Local News...

Other/Breaking News

14 Disturbing Facts About Scott Gottlieb, Trump's FDA Head J20 10:47PM

Behind the scenes at fbi National Academy J20 2:47PM

Treasury Takes Aim at Shell Companies J20 11:18AM

Paraphysique de l'intelligence J20 9:08AM

Oklahoma GOP Senator Jim Inhofe's Bloody Record J20 4:01AM

Globalization: hope on the horizon despite Fake Liberals. J20 3:41AM

Sorry President Trump,Ted Cruz Texas Judicial System,is Worse Than Many Shithole Countries J19 4:49PM

The Shortwave Report 07/20/18 Listen Globally! J19 4:33PM

The System Question as a Survival Question J18 8:54PM

Nation's Largest Voting Machine Co., ESS, Admits Lying Re Having Installed Remote Control J18 11:55AM

Du pain et des jeux J18 9:53AM

Paraphysique de martyrologie J17 8:00AM

Children Incorporated Earns 4-Star Rating on Charity Navigator J16 11:24AM

Democratic Socialists of America J14 4:57PM

Leonard Peltier Non Violent Native American Political Prisoner since 1970's J14 4:18PM

Paraphysique miscellanées de l'aggiornamento J14 12:54AM

FBI Investigated LA County Sheriff Baca,Why Not Hank Skinner's Persecution? J13 3:52PM

Updated Partial List Of Famous Vegetarians, Vegans, & Fruitarians J13 2:59PM

The Shortwave Report 07136/18 Listen Globally! J12 4:36PM

Social Policy as Social Infrastructure J12 3:38AM

Vol I: 84 Varieties Of GOP Election Fraud J12 1:50AM

Texas Can Call it An Execution,But It is A State Sponsored Murder of Hank Skinner.. J11 6:48PM

June 2018 Honduras coup update J11 3:35PM

Maria Estrada doubles down on racist support J11 1:40PM

New York Women in Film & Television Announces 2018 NYWIFT Ha Phuong Scholarship Recipients J11 10:14AM

Trapps de la domination, trapps de l'aliénation J11 1:31AM

Please Work For The Defeat Of Brett Kavanaugh And Why J09 8:54PM

Transinhumanisme ( transe inhumanisme ) J09 12:44PM

More Breaking News...
© 2000-2018 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy