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 LOGI's Executive 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.