We have developed criteria to assess the needs of SME’s, on the one hand, and a tool to much these needs with the donations provided by other private-sector entities. These donations can take the form of funds, in-kind donations or training programs.
Challenges were already mounting for Lebanese entrepreneurs and businesses before the Beirut blast on August 4th: Political instability, capital controls, a destabilized economy, lack of visibility and an unstoppable pandemic. 90% of Lebanon’s businesses consist of SMEs and they contribute up to 50% to the country’s GDP. GCNL is leveraging on the power of UNCG’s international private sector members (more precisely, its Multinational Corporations) to support the struggling yet indispensable sector.
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