Khoury and McKinsey team brief Aoun on economic plan

Khoury and McKinsey team brief Aoun on economic plan: It contributes to development of integrated vision among different sectors

04 Jul 2018

Lebanon- President of the Republic, General Michel Aoun, underscored "the need to join efforts and work as one team so as to achieve the ambitious goals of the national economic plan, which will impact various economic, social and living issues, especially those that continue to challenge the Lebanese society."

President Aoun said that "the plan contributes to the development of an integrated and coordinated vision among the various productive sectors in the country, so as to move forward in the development of the Lebanese economy in a sustainable manner, and to cope with the challenges of the twenty-first century and the changing economic climates both regionally and globally."

He praised, in this regard, the efforts of those who contributed to the development of the study including officials from the public and private sectors, economic experts and academics. He highlighted "Lebanon's ability, represented by its economic sectors and its young energies, to create an attractive business environment for direct foreign investments, and to activate competitive sectors capable of promoting economic performance indicators, especially since the study describes the economic situation and challenges in accordance with the current reality, and puts priorities in their proper context, while putting forward the formation of mechanisms to implement the plan and monitor economic performance."

President Aoun chaired a meeting attended by caretaker Economy and Trade Minister, Raed Khoury, and members of the global advisory group McKinsey & Company, during which he was briefed on the outlines of the "national economic plan" which has reached advanced stages.

The meeting was also attended by Minister of Justice Salim Jreissati, Presidential Advisor Mireille Aoun Hashem, Advisor to the President of the Republic for Relations with the Gulf States, Dr. Fadi Asli, and Advisor to the Prime Minister for Economic Affairs Dr. Nadim Al-Munla.

After the meeting, Minister Khoury held a press conference, in which he said "the aim of this meeting was to inform the President about the latest developments in the Lebanese economic plan which reached its final stages, in implementation of the decision taken by the Council of Ministers within the set deadline. We have set in mind, during the design of this study, the creation of an attractive business environment for foreign investments and the activation of competitive sectors capable of promoting economic performance indicators and creating job opportunities. The presidency's economic team and the McKinsey crew have worked closely with representatives from the public and private sectors and in coordination with parties, experts, economists and Lebanese academic and civil society members, so as to extrapolate from their experiences in their fields of work and their outlook for the achievement of sustainable development."


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