Promoting decent jobs for Lebanese host communities and Syrian refugees

Lebanon has been suffering from a severe financial and economic crisis with long-lasting effects on its economy and its people. Although fundamental governance issues have been plaguing Lebanon for decades, at the root of the current crisis is the breakdown of the financial system and the related severe devaluation of the Lebanese Pound, which since the start of the crisis in 2019 has lost over 90% of its value. Lebanon’s economy had been based on a strong currency that allowed the country to import up to 80% of its food items. With the drastic devaluation of the currency, prices of imported items have risen sharply, and households are now increasingly struggling to cover food needs. Small enterprises and farmers face difficulties paying for the mostly imported production inputs and are threatened in their existence

Project symbol

LBN/23/01/SWE

Admin unit

RO-Arab States/DWT-Beirut

Start date

01/07/2023

End date

30/06/2025

Total allocation

3536897

Total expenditure

Status

Active

3212541

Development Partners

Sweden, Swedish International Development Cooperation Agency

Country/Countries

Lebanon

Outcomes

Outcome 4: Sustainable enterprises for inclusive growth and decent work