Lebanese Minister of Economy Raed Khoury, right, receives an honorary trophy from the President of IE Alumni Association, Wael Kichli in Beirut, Thursday, Nov. 2, 2017. (Photo courtesy of IE Alumni Association in Lebanon)
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Economy Minister Raed Khoury announced Thursday that the government is hammering out an economic vision that requires "drastic interventions" in order to reverse Lebanon's "gloomy economic situation".After highlighting that discussion on economic reform was a "very timely matter" and briefly commenting on the "far from satisfactory" Lebanese economic indicators on the period 2011-2016, Khoury revealed that an economic interministerial committee had been established with the objective of developing a five-year economic vision.One of the main points made during the panel was the importance of the private sector and its support, something successfully addressed during the Spanish crisis.Boujawdeh added that a government strategy to support and grow the private sector was needed, particularly considering that the private sector is the main driving force behind the Lebanese economy.
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