Professional Documents
Culture Documents
Un enjeu
national
majeur
Lebanese agriculture
at a crossroads
In the last few years, the Lebanese
Government, realising the high potential
of the agricultural sector, has made the
strategic choice of revitalising the sector
and shifting towards a more competitive
and sustainable system that is more
attractive to investment. The Ministry
of Agriculture's Strategic Plan 20102014 could serve as the foundation of a
comprehensive sector strategy that also
integrates the broader needs of rural
development.
Angelina Eichhorst
Chef de Dlgation
In this issue
Entretien avec le Ministre de l'Agriculture, Dr Hussein Al Hajj Hassan
Interview with Dr Zuhair Berro, Head of Consumers Lebanon
The Agricultural and Rural Development Programme (ARDP)
Soutien de lUE au dveloppement du Nord Liban
The EU promotes food quality and entrepreneurship
EU Member States support agricultural development
EU-Lebanon Sub-Committee on Economic and Social Affairs
2-3
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4
5
6
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KAFALAT S.A.L
Kafalat facilitates
access to bank
funding
Kafalat is a Lebanese financial company
with a public concern that assists small
and medium-sized enterprises (SMEs) to
access commercial bank funding. It helps
SMEs by providing loan guarantees based
on business plans / feasibility studies
that show the viability of the proposed
business activity. Kafalat processes
guarantee applications for loans that
are to be provided by Lebanese banks to
SMEs operating throughout Lebanon.
With a 4 million support from the EU,
Kafalat targets SMEs and innovative
start ups from the industrial, tourism,
technology, but also the agricultural sector.
Kafalat guaranteed loans benefit from
interest rate subsidies. These subsidies have
been set up to mitigate the crowding out
effect of the high interest rates in Lebanon
that are induced by public sector borrowing.
The interest rate subsidies are financed by
the Lebanese treasury and administered
by the Central Bank of Lebanon.
Kafalat's scope has been expanded in
the framework of the EU Agricultural
and Rural Development Programme,
in order to enhance access to credit to
support rural development activities.
Find more information at:
www.kafalat.com.lb
EU News
3rd meeting of the EULebanon Sub-Committee
on Economic and
Financial Affairs
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lebanon