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Lebanon’s pre-reform bank loans
The funding allocated to small and medium-sized enterprises in Lebanon faces challenges and requires new financing mechanisms outside of traditional banks, with the goal of enabling companies to expand and sustain themselves amid difficult banking conditions. Finance and Economy Ministers discussed with international institutions the creation of a mechanism to connect Lebanese businesses with global funders, including lending funds and leasing companies, to support economic projects and achieve growth. The projects under preparation are valued at around one billion dollars, with a focus on partnerships and financial mobilization for projects with economic impact. There is also a need to organize small business accounts, provide guarantees, and present clear financial data to ensure access to funding. It is expected that the terms of financing will be transparent and supervised to ensure loans reach entities capable of repayment. Additionally, financial reforms—particularly in the electricity sector—are to be reinforced to restore confidence and facilitate project financing that creates jobs and helps economic recovery.
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