The Truth about Lebanon and Sovereign Wealth Funds

July 10, 2020   |   Oil and Gas   |   Sovereign Wealth Fund   |   Video

On the sidelines of our work with our partners the Lebanese Oil and Gas Initiative (LOGI) around the establishment of a sovereign wealth fund (SWF) for Lebanon's potential resources from this sector, and following the recommendations written by international expert Andrew Bauer on this subject, Kulluna Irada and LOGI produced a short Q&A video presenting all the information related to SWFs. 


Why is it important to discuss sovereign wealth funds in Lebanon?

What is a sovereign wealth fund?

What steps can Lebanon take to minimize the risks associated with establishing a SWF?

What are the steps that Lebanon should take before establishing a SWF?

What are the best options available for Lebanon if an Oil and Gas discovery is made?

Watch this Q&A video with the Lebanese Oil and Gas Initiative's (LOGI) Managing Director, Diana Kaissy, to know all about sovereign wealth funds.

Sovereign Wealth Fund

Kulluna Irada and LOGI are pushing for a clear macroeconomic and fiscal strategy as well as a fiscal rule, prior to setting up a Sovereign Wealth Fund financed by the Oil and Gas future proceeds, to avoid turning these funds into channels for corruption and patronage.

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