Client: European Union
Duration: 2020-2022
Region: Middle East and North Africa
Country: Lebanon
Solutions: Economic Growth
In recent decades, Lebanon’s private sector has grown, largely organically, to become a dynamic and entrepreneurial hub for small- and medium-sized enterprises (SMEs). It is highly diversified, covering all levels of the economy, and contributes to around 75 percent of aggregate demand. In fact, the private sector has become the main driver of Lebanon’s economic growth and recovery.
The Technical Assistance Facility contributed to the expansion and diversification of Lebanon’s economy through the modernization of the private sector and the promotion of trade, entrepreneurship, and innovation.
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With a nationwide network of more than 300 banking units and dedicated small and medium-sized enterprises (SME) department with nearly 1,000 employees, the bank is a national leader in SME finance. DAI assisted the bank to increase its microfinance and broader SME portfolio.
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