Policy Paper-Institutions: A Path to Sustainable Growth

Institutions: A Path to Sustainable Growth offers an in-depth economic diagnosis of Lebanon’s prolonged financial crisis, situating it among the most severe globally since the 19th century. Produced by the Middle East Institute for Research and Strategic Studies (MEIRSS), the report evaluates the country’s macroeconomic collapse through the lens of institutional fragility, political paralysis, and the failure of successive fiscal and monetary policies.

The study provides a comparative analysis of key reform proposals—including those by the IMF, Lazard, Harvard University, and the Lebanese government—highlighting their contradictions and potential synergies. It then proposes an integrated, institutional framework rooted in rule-based governance, fiscal discipline, monetary stability, and transparent restructuring of the banking sector.

By advocating for structural reforms, including tax reform, inflation targeting, public-private partnerships, and judicial independence, the report emphasizes that sustainable growth in Lebanon is unattainable without restoring public trust in state institutions. It concludes that political will and an impartial administrative apparatus are the bedrock for long-term recovery and economic resilience.

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