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EU-Lebanon Aid Tops €2.4B

EU-Lebanon Aid Tops €2.4B

The European Union’s ambassador to Lebanon, Sandra De Waele, said during a lecture at the Holy Spirit University of Kaslik that supporting state-building and strengthening its institutions are among the EU’s top priorities. Since 2021, the Union has provided Lebanon with around €2.4 billion in humanitarian and development aid, as well as support for security and services. She called for reforming the banking sector, passing a financial gap law, strengthening judicial independence, and combating corruption. She noted that sustainable recovery requires restoring confidence in the financial system and reaching an agreement with the International Monetary Fund. She added that implementing reforms could pave the way for further international investment and financing, helping Lebanon achieve growth and create jobs.

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