2020-2021 Advisor to Lebanon's Minister of Economy & Trade

- Drafted the Government of Lebanon Economic Plan published on the website of Lebanon’s Ministry of Economy & Trade on September 15, 2020, and approved by the World Bank (WB).

- Proposed to the Director General of the Ministry of Finance the setup of a Sovereign Wealth Fund to hold and manage the key government assets including oil & gas.

Results:

- The Lebanese Government’s Financial Recovery Plan (April 30, 2020) touched on the creation of a Public Asset Management Company (PAMC) for holding the key government assets (stakes in companies and in real estate) and the creation of a SWF for managing the oil and gas assets and investing outside Lebanon.

- The Lebanese Government Plan was prepared along with Lazard and welcomed as a “good starting point” by the International Monetary Fund (IMF) as well as by the World Bank (WB), the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Islamic Development Bank (IDB), the Arab Fund for Economic and Social Development (AFESD), the Kuwait Fund for Arab Economic Development (KFAED), the European Union and the countries (such as France, the United States, the United Kingdom, Saudi Arabia, Qatar, Kuwait, Netherlands, Germany, Italy, Turkey, Japan and Finland) represented at CEDRE (acronym for ‘Conférence économique pour le développement par les réformes et avec les entreprises’), i.e. the Economic Conference for Development through Reforms and with Businesses.