USAID Launched Stewardship Program To Support Lebanese Enterprises

@Tiflebproject

The United States Agency for International Development (USAID) and the Trade and Investment Facilitation (TIF) project, launched Lebanon’s Environmental, Social, and Governance (ESG) Stewardship Program.

The ESG program is one of the first in the MENA region. The Lebanon ESG Stewardship Program will support more than 100 Lebanese corporations and small enterprises to adopt internationally recognized Environmental, Social, and Governance practices.

This program will also aid Lebanese companies in attracting investors that require ESG agreements and thus contributing to the Lebanese economy.

During the launching event held at Sursock Museum in Beirut on Thursday, the Minister of Economy and Trade Amin Salam thanked USAID for their support of the Lebanese private sector.

He asserted that his ministry “is committed to supporting the relaunch of Lebanon’s economy,” adding “but we are also aware that the road to economic recovery is long.”

In turn, USAID Lebanon Mission Director Eileen Devitt pointed out USAID’s commitment that “has facilitated investments in Lebanese businesses because of their ability to enhance Lebanon’s economic prosperity.”

“Today, by helping Lebanese businesses adhere to ESG standards, USAID is helping local corporates to better position themselves to attract funding and investment,” Devitt noted.

USAID’s TIF project aims to support Lebanon’s economy by facilitating trade and investments, as well as creating jobs to increase the income of the Lebanese people.

The TIF program also works to increase the exports of Lebanese goods and services.

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USAID Launched Stewardship Program To Support Lebanese Enterprises

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