The Truth about Lebanon and Sovereign Wealth Funds
July 10, 2020
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.