Home Economics & PolicyAn accumulation of economic woes

An accumulation of economic woes

by Thomas Schellen & Jeremy Arbid

Executive met with then-caretaker Minister of Economy Raed Khoury to discuss McKinsey & Company’s economic vision (commissioned by the government in late 2017 and published in early January), the ministry’s progress in regulating private generation of electricity, and the political and economic situation of Lebanon ahead of mid-January’s Arab League Economic and Social Development summit, which was hosted in Beirut. E   As the government in its caretaker status is not empowered to make all needed reform decisions, our impression is that ministers such as yourself are trying to keep the public confidence from deteriorating, but that there are many challenges. What can you actually do in this situation?     There is a tremendous campaign against our economy and our country from internal factors or internal politicians, some media, and there are some external factors, because [various interested parties] know exactly how our economy is so sensitive. The backbone

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