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Lebanon approves Turkey military deal and $250M energy loan
The article discusses the Lebanese Finance and Budget Committee's approval of a military cooperation agreement with Turkey valued at 100 million Turkish Liras (approximately 3 million dollars), aimed at exchanging military expertise and equipment between the two countries for five years. The Ministry of Defense and the Army Command will oversee the implementation. The committee also approved a loan of 250 million dollars to enhance Lebanon's renewable energy system, targeting the development of transmission and distribution networks and the rehabilitation of existing facilities, with an emphasis on flexibility in cost review and avoiding delays in execution. Additionally, the committee discussed salary adjustments for some Lebanese University employees and issued directives to ensure swift action and the enactment of clear laws to promote transparency and efficiency in the management of loans and projects.
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