Lebanon can no longer ‘pull a rabbit out of the hat’. The protests of October 2019 exposed enormous underlying fragilities. The events expedited a financial, economic, security and social crisis given the country’s unsustainable debt dynamics, coupled with obsolete policies and underdeveloped institutional and regulatory frameworks.
However, this paper aims to shed light on the prime recovery ingredient that Lebanon keeps foregoing: “Governance”. Lebanon lacks the pillars of governance explored in this paper. When scrutinized under the ‘governance spectrum’, Lebanon’s multi-faceted crisis brings to the table a much more solid and sustainable plan to recovery that adopts ‘good governance’ as the main mechanism to drive reform and recovery plans.
For the full report, kindly follow the link: Governance: The Foundation of a Needed Recovery in Lebanon