Commission adopts financial package to support Lebanon’s stability and economy

On Thursday, the European Commission adopted a €500 million financial support package for Lebanon. This is the first part of the overall €1 billion support announced by President von der Leyen during her visit to Beirut in May 2024.

This financial package builds on the European Council Conclusions of 17-18 April, in which the European Union reaffirmed its strong support for Lebanon and acknowledged the difficult circumstances the country is experiencing domestically and as a result of regional tensions. In this context, the EU reiterates the urgent need for regional de-escalation and calls on all parties to commit to the implementation of United Nations Security Council Resolution 1701 of 2006.

The first part of the EU financial package has been adopted today and consists of €500 million to support Lebanon and its people in 2024 and 2025. This funding will support much-needed reforms, the security sector and border management, economic activity, and measures for the most vulnerable people in Lebanon.

Since 2011, EU bilateral support to Lebanon amounts to over €3 billion. Today, the European Commission adds €500 million to this overall amount. You can find more information in the European Council Conclusions of 17-18 April 2024, in the press statement by President von der Leyen in Beirut on 2 May 2024, in the factsheet and on the website.

Source: European Commission