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Government appoints board at EDL
News Bulletin Reports
2020-07-07 | 08:29
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Government appoints board at EDL
The Lebanese government appointed on Tuesday a new board of directors at the state-owned electricity company (EDL), a long-delayed step that is one of a number of measures awaited by donor states demanding reforms.
Losses at Electricite du Liban, which have run at up to $2 billion a year, are a major strain on state finances.
Donor states want to see the sector fixed as part of reform efforts. Lebanon is in the throes of an acute financial crisis caused by decades of bad governance and corruption.
LBCI/REUTERS
To watch the full report, please click on the video above.
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