Lebanon: Butec Utility Services
This series showcases how the World Bank Group supports the development and implementation of public-private partnerships. This support comes in the form of public sector loans, private sector finance, sector and transaction advice, guarantees, and output-based aid.
Recurring episodes of conflict and a challenging political-economy in Lebanon have contributed to serious power shortages in the country that reduce the quality of life for Lebanese citizens, and continue to be a burden to the public budget. The Government of Lebanon (GoL) has made power sector reform a top priority and encouraged private sector participation in the process. International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), assisted Butec Group Holding S.A.L. (Butec) and, its subsidiary, Butec Utility Services (BUS) with quasi-equity financing, and a risk guarantee, respectively.
