EU provides €365.5 million to support Southern Mediterranean countries
Out of this package, €237 million will support private sector development in all four countries. This includes improving the global business environment and promoting economic diversification. The funding will also assist partner countries in creating job opportunities, conducting vocational training reforms and boosting micro, small and medium-sized enterprises.
€100 million will contribute to improving citizens’ living conditions, including through poverty reduction initiatives and better access to basic health services. Moreover, it will address effects of climate change through the development of renewable energy and energy efficiency actions.
The remaining €28.5 million will support democratic reforms in Algeria, Lebanon and Morocco. It will notably target the promotion and strengthening of civil society, citizens’ participation in public local life and support judiciary and penitentiary system reforms.