French Ambassador to Lebanon Patrice Paoli speaks during a conference at the Grand Serail in Beirut, Thursday, Feb. 20, 2014. (The Daily Star/Mahmoud Kheir)
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The European Union Thursday launched a 2.8 million euro ($3.84 million) twinning project aimed at reorganizing the Lebanese Finance Ministry and developing its institutional capacity.Bifani cited the main objectives of the twinning project, which will be implemented over a period of 28 months.For Diego Escalona Paturel, head of the cooperation section of the EU delegation to Lebanon representing head of the EU delegation Angelina Eichhorst, strengthening public finance management and enhancing budget procedures are essential in decreasing the debt-to-GDP ratio, which stood at 143 percent in 2013 compared to 139 percent in 2012 .
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