The European Bank for Reconstruction and Development ( EBRD ) has confirmed a Euro 1.1bn ( $ 1.26bn ) pipeline will be spent on various projects in Lebanon over the next six years . According to the bank 's Head of Operations in Lebanon , Gretchen Biery , these projects include renewable energy , agribusiness , infrastructure and municipal projects , as well as industrial zones or green ##field projects . “At the CEDRE Conference (in Paris in April last year), we forecast a pipeline of 1.1 billion euros ($1.26 billion) over six years for CIP infrastructure projects and other sectors,” Gretchen Biery, the EBRD’s head of Lebanon operations said, welcoming the news of the government’s formation. The confirmation comes after the country formed a new government following nine - month long negotiations .
The European Bank for Reconstruction and Development ( EBRD ) has confirmed a Euro 1.1bn ( $ 1.26bn ) pipeline will be spent on various projects in Lebanon over the next six years . According to the bank 's Head of Operations in Lebanon , Gretchen Biery , these projects include renewable energy , agribusiness , infrastructure and municipal projects , as well as industrial zones or green ##field projects . The confirmation comes after the country formed a new government following nine - month long negotiations .