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EU to give Lebanon $185 million

The assistance aims to support country’s reform agenda and stability, and is an increase on previous years.

May 27, 2010 10:00 by

The EU has said it will allocate 150 million euros to Lebanon for the three-year period 2011-13 according to the framework of the European Neighborhood Policy Instrument, based on information from the Byblos Bank Group, the Daily Star reported Thursday.

The amount represents a 7 percent increase in the assistance offered during the previous period, 2007-10, based on the EU’s stated aim to support Lebanon’s ” reform agenda and stability,” the report added.

The assistance is to be allocated to socio-economic reforms, economic recovery and reinvigoration, and political reforms, the paper said.

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