Economics & Policy articles

Take initiatives to fix the state

Take initiatives to fix the state

Executive has collected different initiatives recommended to enhance state output and economic performance, with the primary sources being the Lebanese government, multilateral development institutions, and the McKinsey economic vision. The corresponding table reflects the state of the initiatives roughly one year after Lebanon presented its Capital Investment Plan at CEDRE in April 2018. Some progress

Seeking climate consensus

The Paris Agreement, adopted in early 2016, aims to reduce the global man-made emissions that are trapping heat in the atmosphere, causing a cascade of extreme weather events due to variations in temperature. The agreement sought to keep the increase in global average temperature well below 2 degrees Celsius, while attempting to limit it to

The Eastern Mediterranean Gas Forum

Energy ministers from Egypt, Cyprus, Greece, Israel, Italy, Jordan, and the Palestinian Authority took an important step toward establishing an Eastern Mediterranean Gas Forum (EMGF) on January 14, in Cairo. According to the declaration that followed the meeting, the EMGF will, among other things, assist in the creation of a regional gas market, ensure the

Currency conundrum

Two major topics are keeping economists, politicians, academicians, journalists, and others busy nowadays. The first topic is the real value of the Lebanese lira and if the nominal rate must be de-pegged or moved to a lesser pegged value in order to relieve us from our current monetary, economic, and financial misery. The other topic

Advocating true wisdom

In Executive’s view of things that happened locally in January 2019, three incidents testified to the presence—and the perils of—irrational expectations. Such expectations actually work in two directions, with different attendant risks: The first direction is that of excessive enthusiasm, very well-known to the economically literate from the last global exposure to “irrational exuberance,” in

An accumulation of economic woes

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,

Lebanon’s parliamentary productivity

At first glance, the legislative output of the Lebanese Parliament impresses with its extreme volatility. To full understand the matter of legislative productivity requires a contextual view that takes political environment into account. The election of Michel Aoun as president in October 2016 ended almost two and a half years of vacancy in the post,

Ziad Hayek discusses new PPP projects

At the end of October, Executive interviewed Ziad Hayek, secretary general of the High Council of Privatization and PPP (HCP), to learn of proposed public-private partnerships. The HCP had organized stakeholder meetings to discuss public-private partnership (PPP) proposed projects. This interview primarily discussed two PPP projects that are now in the pre-planning phase—the expansion of