Editorial articles

It is about credibility

The concluding statement of the IMF’s Article IV consultations includes the following sentence: “Rebalancing the economy in the current framework of an exchange rate peg requires strong implementation of a large and credible fiscal adjustment and ambitious structural reforms.”  Here at Executive this sentence sparked cynical jokes. We sensed from the reaction from our politicians,

Best case scenario?

After missing self-imposed deadline after deadline, our cabinet has finally agreed on the terms of the reformist budget, passed to Parliament on May 30 for more bickering. Never mind that it is now June, and we still have no budget set for 2019. Nor that projected rate of reduction of the budget deficit seems more

Trust in nature

The government’s latest push toward reforms has uncovered just how incompetent our political class truly are. It almost makes you wish they had not even started. Before, the Lebanese had hope that one day their politicians would be backed into a corner and forced to make the necessary changes for the good of the country.

A trap of their own making

It has been a year since Lebanon agreed on a path out of its crises, promising to undertake serious reform efforts in exchange for the $11 billion pledged by the international community at CEDRE. The nine months after CEDRE were primarily spent on political bargaining and government formation, all built on the hope that these

Turning point

In its 20 years of reporting, rarely has this magazine witnessed a Lebanon that feels as vulnerable as it does today. It seems that the Lebanese citizen has totally surrendered under the weight of seven long years of geopolitical turmoil, which has depleted our self-confidence and enthusiasm along with our economic resources and infrastructure. The

You can’t handle the truth

Our naive and simple minds have proven time and time again to be susceptible to transparent excuses. They shield us from accepting the facts on the ground and allow us to orbit in an imaginary reality instead—one that suits our ambitions and aspirations. Sometimes reality is so unacceptable, it needs to be absorbed and digested,

Going it alone

The conventional wisdom of the Lebanese real estate market, and I’m sure the readers of this magazine have heard it a million times, is: “The value of real estate never goes down.” Making it the undisputed bulletproof investment or saving tool that we have adopted through generations. Our real estate industry is accustomed to riding

On your own

If you moved back to Lebanon after the civil war during your late 20s with the dream of rebuilding the nation—and of course, haven’t held any public office—we predict you’re going to be working until you drop dead. Yes, Lebanese are known to be successful entrepreneurs—it’s a reputation that a few outliers have given us—but

On the frontlines

The worst kind of despair is the type that creeps in over time and contaminates our behavior, our character, and our life, becoming routine. We have survived wars, but never have Lebanese felt as exiled from the world as during the last seven years, and this has created an anxiety that manifests itself in how

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