20 May 2026 at 10:53 pm IST
The European Union and the European Bank for Reconstruction and Development (EBRD) have supported a $22 million financing package for Lebanon aimed at promoting sustainable investment and economic resilience. The financing, provided to retail group Spinneys Lebanon, will support expansion projects alongside energy efficiency and emissions reduction measures. According to the EU in Lebanon, the financing package will help expand the company’s store network and increase production capacity while improving operational sustainability. Planned measures include investments to reduce energy consumption and lower carbon emissions across facilities and retail operations. The initiative also marks the first deployment of a European Fund for Sustainable Development Plus (EFSD+) instrument in Lebanon, highlighting broader EU efforts to support sustainable economic recovery and private-sector resilience in the country. Officials described the agreement as an important milestone in EU-Lebanon cooperation during a period of ongoing economic and regional challenges. The EBRD has recently expanded its support initiatives across Middle East economies affected by regional instability, with a focus on sustainable infrastructure, food security, energy resilience and economic recovery. The bank said it aims to increase investments that strengthen long-term resilience and support low-carbon development across the region.
