Fuel shortages in Lebanon have forced President Michel Aoun to grant the state electricity company a loan of up to 300 billion Lebanese pounds ($200 million) so it can import supplies from abroad and avoid blackouts. Lebanon has been hit by shortages of fuel and other crucial products due to a collapsed economy and huge debts estimated to be 174% of its GDP. Aoun’s office announced the approval of the loan for Electricite du Liban (EDL) in a statement on Monday, saying that the move will make it easier for the provider to access funds. “President Aoun agreed to issue an exceptional approval to give the Electricite du Liban a treasury a
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