Wednesday, 13 Nov 2019

Khoury at Arab Economic Forum: We expect economic plan launching upon ratification by next government

Caretaker Minister of Economy and Trade, Raed Khoury, announced that the economic plan is expected to be launched in its final version once ratified by the next government "to start implementing an integrated public and private sector work methodology that takes into consideration the harmony between the various economic sectors through a mechanism that follows up on the implementation process and secures the realization of the desired goals."

Speaking at the 26th session of the Arab Economic Forum organized by the Economy and Business Group under the patronage of PM-designate Saad Hariri, Khoury said "this forum's sessions have shed light on the economic and investment progress in the Arab and African region, and discussed the challenges and the required reforms to enable the countries of the region to achieve the desired growth and economic stability in light of the enormous changes imposed by the rapid development of information technology, digital economy and modern financial instruments."

"This session revolves around Lebanon's economic future for the next five years, and focuses on some of the productive sectors that Lebanon should work to develop, strengthen and activate, according to an in-depth study conducted by McKinsey and Company, as mandated by the Lebanese Council of Ministers, and under close follow-up by the President of the Republic of Lebanon, General Michel Aoun," the caretaker minister said.

"The main objective of the plan is to bridge the gap in the strategic planning of the future Lebanese economy by defining Lebanon's comprehensive economic vision for the next five years, and activating the productive sectors with added value so as to benefit all the Lebanese regions and set the procedural steps to achieve the desired goals," he added, noting that "the study was conducted in a scientific and practical manner, taking into account all the circumstances and data, as well as the interests of the private sector, the potential of the public sector and the needs of the Lebanese people at the economic, the social and the livelihood levels."

"It also took into consideration the decisions of the Cedre 2018 conference with what it includes of reform projects and procedures. This economic plan has become a fundamental requirement for the success of the implementation of international commitments in this regard, in addition to the CIP investment program and financial and legislative reforms," Khoury stressed.

Source: National News Agency

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