The Policy Initiative - A strategic response to crisis

Lebanon’s extractive economic model that was adopted in the early 1990s has resulted in an unsustainable and jobless growth, prioritized rentier sectors over diversified and robust ones, and led to major inequalities and crises. In light of the country’s financial collapse, this initiative seeks to develop policies to stabilize the macroeconomy, distribute equitably the financial losses, and restructure the banking sector to kickstart the economy. These policies are part of a larger economic vision that transforms the various sectors in a way that they become productive, formal, export-based, and competitive. Lebanon can no longer rely on remittances to sustain its failing economy; it needs to focus on new sectors both in manufacturing and services, including digital economy and creative industry, so it creates a competitive for itself in the region.