Rasamny and IFC Delegation Discuss Infrastructure Investments and Connectivity Strategy

Beirut:Minister of Public Works and Transport Fayez Rasamny met with a delegation from the International Finance Corporation (IFC), led by Regional Director for the Middle East and Central Asia, Imad Fakhoury. The delegation included Thomas Jacobs, Country Manager for the Levant, Iraq, and Yemen; Linda Lankai Lamptey, Advisor to the Regional Vice President; and Mazen Abdel-Aziz, Principal Investment Officer for Public-Private Partnerships.

According to National news agency - Lebanon, the meeting concentrated on major projects in the transport and critical infrastructure sectors, examining the potential for development through public-private partnerships. Discussions highlighted the IFC's expertise in project structuring, feasibility studies, and investment mobilization, along with outlining the necessary technical steps for future institutional cooperation.

Additionally, the meeting addressed the Ministry’s regional connectivity strategy, developed in collaboration with the World Bank. This strategy aims to optimize cross-border transport, facilitate the transit of goods and passengers, and enhance Lebanon's integration with neighboring markets amid changing regional trade corridors.

The delegation emphasized Lebanon's strategic importance within the regional transport grid, noting that strengthening seaports, airports, and logistics networks could drive national economic recovery and expand trade engagement across the region.

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