The European Commission announced that it has extended €32m in grants to support three new reform-oriented programs in Lebanon.
The EC will allocate €12m to stimulate sustainable economic growth and help create job opportunities. The program aims to support the progressive shift of the Lebanese economy towards a more sustainable and inclusive model. Activities will include pilot projects to disseminate good practices, access to finance and innovative banking, and awareness raising campaigns.
Also, the EC will allocate €8m to improve the quality and relevance of teaching and learning at Lebanese public schools and vocational training institutes. Further, the EC earmarked €12m to support the promotion of social justice through promoting democracy, human rights and social dialogue. The program will develop capacity building activities in support of Parliament, promote and contribute to protect human rights, develop social protection for the most vulnerable population and improve the social dialogue among social partners.
The European Union indicated that the three programs complement other ongoing projects and are aligned with EU priorities.
Lebanon This Week – Byblos Bank Research