President Michel Aoun receives a delegation from McKinsey & Company, July 4, 2018. (Presidency's Twitter)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
U.S.-based consultancy firm McKinsey & Company Wednesday presented the Lebanese government with a wide-ranging, long-term plan to diversify and modernize the productive sectors of Lebanon's economy.Munla said the McKinsey report should be viewed as the fourth pillar of the implementation of the CEDRE vision, namely that of the diversification of productive sectors. This, however, would have to be preceded in large part by implementation of the Capital Investment Plan presented at CEDRE, in which roughly $2 billion a year will be spent on infrastructure.Caretaker Economy Minister Raed Khoury told The Daily Star the 1,000-page McKinsey study would have to be agreed to by Cabinet when the new government is formed – a process that has shown few reliable signs of coming to fruition recently.Khoury said productive economic sectors had been identified by the government and put forward to McKinsey, showing Lebanon's role in directing its own vision.preliminary information Khoury revealed from the report identified a host of productive sectors and methods in which they can be supported.McKinsey & Company has created similar reports for many countries in the region, most notably Saudi Arabia.
Cabinet eyes 2020 budget study
Tender documents for power plants this month: Boustani
AUB, An-Nahar launch online waste management app
FOLLOW THIS ARTICLE