Home Cover storyCEDREThis won’t be easy

This won’t be easy

by Executive Editors

This month, Lebanon will send a delegation of state officials to Paris to pitch an infrastructure development program dubbed the Capital Investment Plan (CIP) to the international community and private investors. Alongside the CIP officials will also unveil an economic vision, fiscal discipline measures, and structural and sectoral reforms. Of the four, Executive has only seen the CIP, which it obtained through an informal channel despite the plan’s endorsement by cabinet on March 21. The others are not accessible. On paper, the CIP calls for some $20 billion in funding for 250 projects scheduled over the next decade, until 2030, though at this stage the plan is not set in stone. What effect the CIP will have on the economy is unknown, and we do not know when further information will be unveiled, but the picture will be clearer after Paris. For now, we know that the development plan calls

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