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Viewing cable 09BEIRUT358, LEBANON: FINMIN AGREES: USE USG CASH TRANSFER TO

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Reference ID Created Released Classification Origin
09BEIRUT358 2009-03-27 14:38 2011-08-24 16:30 UNCLASSIFIED//FOR OFFICIAL USE ONLY Embassy Beirut 
VZCZCXYZ0014
PP RUEHWEB

DE RUEHLB #0358 0861438
ZNR UUUUU ZZH
P 271438Z MAR 09
FM AMEMBASSY BEIRUT
TO RUEHEG/AMEMBASSY CAIRO PRIORITY 1344
RUEHC/SECSTATE WASHDC PRIORITY 4535
INFO RUCNDT/USMISSION USUN NEW YORK 3613
RUEHNO/USMISSION USNATO 3816
RHMFISS/CDR USCENTCOM MACDILL AFB FL
RHEHAAA/NSC WASHDC
RUEKJCS/SECDEF WASHDC
 
UNCLAS BEIRUT 000358 
 
SIPDIS 
SENSITIVE 
 
CAIRO FOR USAID JOHN POWER AND DAVID CONSIGNY 
STATE FOR EEB/IFD/ODF DEMARCELLUS 
NEA/ELA ALLEN 
L FITZGERALD 
STATE PASS USTR FRANCESCKI 
STATE PASS USAID FOR LAUDATO/NANDY/SCOTT 
TREASURY FOR PARODI/BLEIWEISS/CORREA 
USDOC FOR 4520/ITA/MAC/ONE 
NSC FOR SHAPIRO, MCDERMOTT 
 
E.O. 12958: N/A 
TAGS: ECON EAID EFIN PTER LE
SUBJECT: LEBANON: FINMIN AGREES: USE USG CASH TRANSFER TO 
PAY WORLD BANK DEBT 
 
1. (U) This is an action request.  Please see paragraph 3 
below. 
 
2. (SBU) In a March 27 phone call with the Ambassador, 
Finance Minister Mohamad Chatah agreed that the USG use its 
$50 million cash transfer disbursement, which was triggered 
by GOL reform of its gas excise tax, to pay World Bank debt. 
Though Chatah was disappointed that Washington did not 
approve payment of higher-interest debt owed to other 
creditors, he said he did not want the disbursement to be a 
protracted process, and would instruct his staff to work with 
USAID and the World Bank in setting up the debt payment 
schedule.  He expressed his gratitude for USG assistance. 
 
3. (U) Post requests that USAID Cairo contact Finance 
Ministry contacts to proceed with the disbursement. 
SISON