Lebanon is on the brink of a government default on sovereign debt, a
crisis perpetuated by the country's national budget crisis.
Electricity is responsible of around 45% of the Lebanon's deficit and
debt and the government of Lebanon continues to pump money in the
failed national electricity company. But today Atlas Network partner
Lebanese Institute for Market Studies (LIMS) is celebrating a big win
that will have an effect on millions of Lebanese citizens. On April 8,
2019 the Lebanese government amended their laws in order to allow
private companies into electricity production. The government is now
resolved to rely on private independent power producers for all future
generation projects and this amendment provides the legal framework.
Three years ago, when LIMS suggested allowing private generation of
electricity, it was not an idea that was taken seriously. Today,
private production of electricity became a reality thanks to LIMS's
well-structured advocacy campaign. Join Atlas Network for a reception
on Monday, June 24 featuring Patrick Mardini, President of the
Lebanese Institute for Market Studies. This event is part of our
Global Policy Perspectives event series. The dress is business
casual; drinks and hors d'oeuvres will be served. Dr. Patrick Mardini
is the president and founder of the Lebanese Institute for Market
Studies - LIMS, the first market oriented think-tank in Lebanon. LIMS
works with government officials and members of parliament on designing
specific policy reforms to address current challenges facing Lebanon.
Under his watch, the institute was rewarded the prize of best policy
paper in the MENA region at the First Arab Liberty Festival in 2014
and the best emerging think tank in the Mena region at the Arab
Liberty Festival in 2015. Dr. Mardini is currently working with a team
of experts on solutions to electricity outages and losses in Lebanon,
water pollution, traffic, schools, etc. The challenge is to improve
the service without increasing government expenditure and fiscal
deficit. He is considered an expert on the limits of government
intervention in a sectarian society and the importance of the free
market in bringing peace. He is often interviewed by TVs, radios, and
newspapers on economic issues related to Lebanon and invited to
lecture in Africa, Asia, Europe, North America and the Middle East. He
holds a Ph.D. in Economics from Paris Dauphine University and
postdoctoral research from John Hopkins University. He worked on the
role of monetary policy in producing financial crises and economic
recessions and explored alternative systems such as free banking and
currency board. Dr. Mardini published several papers in academic
journals. His past employment includes four years at the Paris mutual
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25/06/2019 Last update