@executivamagazine
Lebanon's premier economic, financial and business magazine.
IMF Reaches Staff-Level Agreement on Economic Policies with Lebanon for a Four-Year Extended Fund Facility
IMF Reaches Staff-Level Agreement on Economic Policies with Lebanon for a Four-Year Extended Fund Facility
April 7, 2022 The Lebanese authorities, with IMF staff support, have formulated a comprehensive economic reform program aiming to rebuild the economy, restore financial sustainability, strengthen governance and transparency, remove impediments to job-creating growth, and increase social and reconstruction spending.The agreed program is subject to IMF management and the Executive Board approval, and the Lebanese...
Putin’s aggression and its local impacts
Putin’s aggression and its local impacts
Content and satisfaction
Content and satisfaction
Neither wanting nor wasting
Neither wanting nor wasting
The pathways of new Lebanese makers
The pathways of new Lebanese makers
A new acceleration concept
A new acceleration concept
Once upon a nascent ecosystem, the entrepreneurial minds in Lebanon were many but funders were few and support systems, such as incubators and accelerators, as rare as an honest politician. Then came the central bank’s Circular 331 and a splurge in venture funds and acceleration programs – many of which have vanished or been forced...
Community and connectivity nurturing productivity?
Community and connectivity nurturing productivity?
Amina, Rachelle, and Peter are young urban professionals active in graphic design, in digital marketing, and in remote consulting. When Executive makes their acquaintance, they have stationed themselves at a long office table in the foyer of a co-working space at the Beirut Digital District (BDD). In this quasi-public space, they are working, each on...
Contrarianism squared
Contrarianism squared
Black gold
Black gold
Left in the wind for now
Left in the wind for now
In February 2018, the Ministry of Energy and Water, representing the Government of Lebanon, had signed Power Purchasing Agreements with three wind farm developers for the development, installation, and operation of wind power generators in the Akkar region with a cumulative capacity of wind power of 226 MW. According to the terms of the agreement,...
Righting a wrong turn
Righting a wrong turn
Stranded near a busy intersection in Beirut, this writer waited thirty minutes to get a cab back to Executive’s offices, located only 3 kilometers away. In that time, traffic revealed a noticeable drop in the amount of single-occupant passenger cars and available taxis and “service" cabs, compared to pedestrians, cyclists, goods and passenger vans. Yes,...
Lights on
Lights on
Incentivize to energize
Incentivize to energize
Breaking bad power management
Breaking bad power management
Global obligations, big goals, and missing parts
Global obligations, big goals, and missing parts
A moment in the sun
A moment in the sun
Over the last couple of years, Lebanon has become most notorious for its electricity sector. The country has struggled to keep the lights on since the civil war, and has hit its worst milestone with a complete blackout in October 2021. On its own, the state-owned company Electricité du Liban (EDL) has never been capable...
Power seizures
Power seizures
Lebanon is witnessing a rapid deployment of decentralized renewable energy. However, this movement is driven by fear of a total black-out and is happening in the absence of policy, regulatory…
Solar energy: What to buy and why?
Solar energy: What to buy and why?
1. How do I assess my home energy needs? It is important for the vendor you choose to guide you on assessing the load of how many appliances/ devices you want turned on simultaneously, which would inform your choice of inverter, as well as on assessing and determining your home’s critical load and how long...
The race to solar
The race to solar
The supply of growth figures is so poor in Lebanon these days that any economic increase – one that is not a horrid leap in poverty, hunger, unemployment, and inflation – is more than newsworthy. Real, positive growth today is simply sensational. Even if there are hidden ambiguities and foreseeable near-term risks. In this regard...
An economist’s review of the 2022 budget draft
An economist’s review of the 2022 budget draft
The road that was never taken
The road that was never taken
Waiting for Godot
Waiting for Godot
No way out?
No way out?
A fiscal space to breathe
A fiscal space to breathe
What was wrong with the 2020 Lazard Plan?
What was wrong with the 2020 Lazard Plan?
Reforms and the fate of deposits
Reforms and the fate of deposits
What Special Drawing Rights can do and what they cannot deliver
What Special Drawing Rights can do and what they cannot deliver
Arab listed Companies: A New Emphasis on ESG Investing Through a Gender-Based Lens
Arab listed Companies: A New Emphasis on ESG Investing Through a Gender-Based Lens
Luck (in business) be a lady
Luck (in business) be a lady
Cultivating capacity through greater solidarity
Cultivating capacity through greater solidarity
A man’s world?
A man’s world?
The feminine solution
The feminine solution
Reaping windfalls of inclusion
Reaping windfalls of inclusion
Valuing Pandora
Valuing Pandora
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