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Banque du Liban

Banque du Liban. Financing Unit. Environmental Loans: Existing Circular. Environmentally Friendly projects that aim to preserve the environment, i.e.: Green Architecture projects, landscaping, تركيب القرميد , تلبيس حجر Renewable energy. Ecotourism. Organic Agriculture.

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Banque du Liban

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  1. Banque du Liban Financing Unit

  2. Environmental Loans: Existing Circular • Environmentally Friendly projects that aim to preserve the environment, i.e.: • Green Architecture projects, landscaping, تركيب القرميد, تلبيس حجر • Renewable energy. • Ecotourism. • Organic Agriculture. • Waste Water Treatment. • Recycling. • Reducing Pollution.

  3. Environmental Loans: Existing Circular

  4. MOU Between BDL and UNDP Objectives: • Development of technical cooperation in order to develop a vehicle to finance energy efficiency and renewable energy projects all over Lebanon. This vehicle is called National Energy Efficiency and Renewable Energy Account (NEEREA). • Cooperation to involve international donors and organizations to support the NEEREA. • Development of awareness among Lebanese commercial banks and end consumers.

  5. MOU Between BDL and UNDP Roles and Responsibilities of BDL • Issuing related circulars for the setup of NEEREA. • Overall financial management and quality control of the operations of NEEREA as per BDL procedures. • Coordination with the Association of Lebanese Banks to deliver training and capacity building activities. • Securing the financial stimulus through the exemption from reserve requirements.

  6. MOU Between BDL and UNDP Roles and Responsibilities of UNDP • Ensure the positive participation of the Ministry of Energy and Water and the Ministry of Finance in the patronage of NEEREA. • Cooperation with the Ministry of Finance to ensure the financial support needed to cover the collateral of the loans portfolio covered by NEEREA. • Development of eligibility criteria for potential projects to benefit from the BDL incentive scheme. • Ensure the technical validation of projects submitted to BDL through the Lebanese Center for Energy Conservation (LCEC). • Certification of the potential projects submitted to BDL by the LCEC.

  7. Grant Contract “Facility in Support of SMEs Energy Saving Investments • The total amount of the action granted to BDL by the EU is €/12,200,000/ to encourage the investment of energy saving measures aiming to reduce at the same time negative environmental impact . • If the project is presented within a sector not benefiting from the subsidy foreseen by Circular 80, a subsidy applicable to a loan duration of 10 years and equivalent to 15% of the loan requested. • If the project is presented within a sector benefiting from the subsidy foreseen by Circular 80, a subsidy applicable to an extension of the loan duration extended by 3 years and equivalent to 5% of the loan requested. • In addition, out of this € 12,200,000, a provision of € 200,000 will be made for technical assistance.

  8. Environmental Loans: Draft Circular • All green and energy saving projects within the Housing, Industrial, Tourism, Agricultural, Health, Education and Service sectors can benefit from the environmental loans whether they seek certification or not. • Environmental loans will be extended to finance new environmentally friendly projects and to existing projects as well. • Environmental loans that are not subsidized by the Lebanese Government may be repaid over a period of 10 years. • Environmental loans that benefit from Government subsidy over a period of 7 years, would benefit from additional incentives in Required Reserve exemptions over the remaining 3 years to final maturity. • Environmental loans that are guaranteed by Kafalat SAL, under a new scheme funded by the EU, with the following conditions: • Amount of the Loans guaranteed up to $800,000. • Maturity of the loan is up to 15 years, of which 7 years will be subsidized by the Lebanese Government, and the remaining period to maturity will benefit from additional incentives provided by BDL.

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