The EIB has worked with Lebanon since 1978. The Bank operates in Lebanon in line with the European Neighbourhood Policy (ENP) and other EU bilateral agreements.
Lebanon is an important beneficiary of EIB funding. Nearly half of the EIB’s €2.3 billion of investment in the country has been used to support key infrastructure projects, primarily in the wastewater and transport sectors. The Bank also supports small companies, helping create job opportunities and develop a sustainable business environment. Furthermore, subject to local developments, the EIB intends to focus its future activity in the country on the digital transition, bio-economy, energy efficiency, healthcare and education.
Through its activity, the Bank intends to contribute as well to the sustainable growth of the economy and help build the country’s resilience to cope with ongoing crises. Lebanon also benefited from EIB support through the Economic Resilience Initiative (ERI). A relevant example is the €265 million Lebanon Private Sector Support project, financed under ERI.