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TunisiaEBRD and EU boost support for SMEs in Lebanon
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are bolstering their support for Lebanon’s private sector, with a new advisory programme that aims to help small and medium-sized enterprises (SMEs) to innovate, grow and become more competitive.
The Bank will deploy EU funds to help SMEs and start-ups connect with research and development institutions and generate innovative products and processes.
The new five-year programme will focus on innovation as a key lever for growth, helping SMEs compete on the international stage, increase their market share, create more jobs and support Lebanon’s economic resilience.
The programme builds on the success of the first phase of the EU-supported Advice for Small Businesses programme in Lebanon which launched in 2018. To date, it has helped almost 180 SMEs access the critical know-how they need to address market challenges and support their productivity and turnover.
Countries covered:
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Lebanon
