In Lebanon, over 90% of enterprises active in the economy can be categorized as MSMEs, employing more than 50% of the working population. They are crucial players for economic growth, local development, employment, and income generation.
For the past ten years, Lebanon has been severely affected by multiple crises; starting with the refugees, political, financial and economic instability and most recently the health challenges following the outbreak of the COVID-19 pandemic. This has culminated with the massive blast that occurred on August 4, 2020, and the subsequent damages and repercussions on businesses operating in Beirut.
This initiative will help restore livelihoods by supporting the recovery of the local MSEs affected by the Beirut Blast.
The tailored multidimensional support will help MSEs increase their access to customers and online markets aiming to strengthen business continuity, job retention, and growth.