صندوق سيادي للبنان: توصيات اوّلية

Given its prospects of sizeable hydrocarbon wealth, Lebanon is in the process of designing an institutional framework to manage these resources. One of the challenges in this is the establishment of a savings-type Sovereign Wealth Fund (SWF), as required by the 2010 Hydrocarbon law. Drawing from the relationship between cross -crountry SWF experiences and institutional quality, this paper highlights some pitfalls and presents preliminary recommendations for Lebanon. Key among these is that a Lebanese SWF should be integrated within the budget system, some (limited) flexibility in operational rules, no/limited earmarking, no extra-budgetary spending, coherence with the country investment strategy, transparency, and accountability.

Language
English
Series
Assadissa
Date
October 2014
Edition
1
Pages
14
ISSN
22222-4734