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For the purpose of this questionnaire, and in accordance with the International Monetary Fund’s definition (https://www.imf.org/external/np/sta/di/glossary.pdf), a foreign firm is a foreign-owned domestically incorporated enterprise (e.g. subsidiaries) in which a foreign investor owns 10 percent or more of the ordinary shares or voting power.)×
Material Adverse Government Action means any act or omission by the procuring authority or other relevant authority, which occurs during the term of the PPP Contract and which has a material adverse effect on (i) the ability of the PPPCo to comply with any of its material obligations under this PPP Contract and/or (ii) the cost or the profits arising from such performance.)×
A financial model is an analytical tool that allows the user to assess the financial robustness of the project by representing its expected financial performance, including cash flows, returns, etc. Not to be confused with a financial proposal.)×
To conduct the analysis on Lebanon, the Benchmarking Public Procurement team referred to The Tender Regulations, and the Public Accounting Act, dated 25/1/1966 , State Consultative Council, Decree Law No. 2866/1959, and Decree Law No. 2460 of 1959.
To conduct the analysis on Lebanon, for the Public-Private Partnerships Procurement topic, the team referred to the Public Accounting Law issued by Decree No. 14969 of 1963, the Tenders Regulation issued by Decree No. 2866/1959, Decree No. 360/2001 on Investment, dated August 16, 2001, Law 288/2014, Article 7 of Law 462/2002, Law 54/2015, Law 288/2014, Law No. 5 ,dated May 7, 1967 on "Projects of Touristic Benefit", and the BOT contract.×