The European Union Is Giving Lebanon $243.7 Million

European Union

The European Union (EU) announced on Wednesday that it has allocated €229 million ($243.7 million) to Lebanon for reforms and economic development amidst the country’s ongoing economic crisis.

The EU said in a statement that this financial grant is expected to fulfill certain priorities such as “to enhance good governance and support reforms,” as well as implementing action public administration reforms that emphasize honesty, transparency, and accountability.

“Our assistance will target civil service reform, public financial management reform and access to public information,” said the statement.

The EU also aims to fight for gender equality and empower women by increasing the number of women in positions of leadership in public and political spheres, as well as working to improve the conditions for women’s representation in the workforce.

The EU also strives to support Lebanon by “promoting a green and sustainable recovery’ by funding energy-saving equipment for public sector buildings which will assist in making public services delivery more effective.

The European Union will continue to offer vulnerable Lebanese and Syrian refugees significant support and assist them in accessing essential services such as social protection, education, health, and water security.

The statement concluded by stating “the European Union remains committed to supporting Lebanon and its people to move toward the recovery and stability they deserve.”

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