French-Lebanese twinning project for real estate affairs

Under the patronage of His Excellency the Minister of Finance Mr. Ali Hassan Khalil, the signing of the technical cooperation program – FEXTE (Le Fonds d'expertise technique et d'échanges d'expériences) of the French-Lebanese twinning project for real estate affairs, took place on Friday May 15th, 2018 between the General Directorate of Land Registry and Cadastre (GDLRC) in Lebanon and the General Directorate of Public Finance in France.

The agreement was signed by the Director General Mr. Georges Maarrawi and by the Head of International Cooperation in France Mrs. Sylvie Sturel, in the presence of Mr. Jacques de Lajugie, the Head of the Economic Mission of the French Embassy in Lebanon, and high rank officials from both sides.

The signing ceremony included the announcement of a letter of intention concerning the implementation of a support project for GDLRC that is financed by the French Development Agency (AFD) through the technical cooperation program (FEXTE).

The main cooperation sectors of the Declaration supported the initiative launched by the political and administrative authorities in Lebanon to modernize the activities of GDLRC. The main objectives were to contribute to the modernization of real estate laws and regulations to increase revenues, the organizational and institutional development of GDLRC, the enhancement of the services provided to citizens in relation to the functions of real estate registrations conducted by the notaries, and also to benefit from data to support the decision-making process.

The Declaration, which is a document of understanding, noted that the cooperation activities that could be carried out under the project are to be consistent with the national laws and regulations and the international obligations of signatories.