The Ministry of Finance signed a Memorandum of Understanding with the Canadian Commercial Corporation (CCC) to strengthen trade and investment cooperation between the two countries, as well as to support the implementation of infrastructure projects in Lebanon.
Also, the MoU is a step for Lebanon to access Canadian expertise and know-how in priority projects such as in electricity production and transportation, airports, road networks, energy, and waste management, among others. Further, The MoU allows the CCC to assist, through qualified Canadian companies, in the development and implementation of projects in Lebanon that promote economic development.
Also, it allows the CCC to assist in the structuring of potential projects as well as in finding financing for these projects from official export credit guarantee agencies, commercial banks, and private sources. Also, the CCC would be able during a project's implementation to provide over the long term training, technology transfer and licensing. The Canadian Commercial Corporation acts as Canada's international contracting and procurement agency.
Lebanon This Week – Byblos Bank Research