The Ministry of Economics and Trade convened meetings with Dr. Mohamad Abou Haidar, the ministry’s General Director, and Mrs. Sara Sydani, Advisor to the General Director of the Ministry of Economics, focusing on vital strategies for bolstering Lebanon’s SME sector.
Discussions outlined plans for creating a Mutual Fund in line with the SME draft law, emphasizing initial grants for startups and subsequent guaranteed loans.
Encouraging collaboration among various entities, the ministry highlighted the importance of partnerships to promote SMEs, particularly in advanced sectors like Artificial Intelligence and Agri-Food technology.
The ministry aims to offer 18 fully automated services by 2024, stressing the necessity of collective efforts to establish an electronic wallet.