PRISM, Electricity and Renewables, Economic Update

A Unique Opportunity for Private Sector Solutions on the Municipal Level

12:06 | 30 September 2023LIMS output
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Private Sector Solutions on the Municipal Level

Lebanon’s deep-rooted economic crisis has cast a long shadow over businesses throughout the nation, pushing many to the brink of insolvency or forcing them to cease operations altogether. The confluence of factors, including exorbitant electricity costs, persistent shortages in power supply, and the unsightly accumulation of waste on the streets, has rendered the prospect of normal business operations utterly unviable for a multitude of enterprises. The dearth of resources stemming from Lebanon’s precarious economic state has left local authorities grappling with their inability to offer effective remedies.

In this precarious economic landscape, LIMS has advanced a compelling argument, suggesting that the private sector possesses the potential to fill a critical void by directly delivering essential services to businesses and households at the municipal level. Through a harmonious collaboration with local municipalities, privately owned and managed solutions in key areas such as electricity provision, waste management, and infrastructure development could provide a much-needed respite. This symbiotic relationship would yield mutual benefits: local businesses would experience a marked improvement in operational efficiency, while companies engaged in service delivery would encounter fresh revenue opportunities in the midst of this economically turbulent period.

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  • A Solution To The Electricity Crisis: A Role For Municipalities In Encouraging The Private Sector, September 3, 2023: VDL, TV Interview AR
  • It Is Time For The Lebanese Government To Exit The Formal Sectors And Open Competition to the private sector, September 14, 2023: Al Jadeed, TV Interview AR
  • Where Did The Government Waste SDR Money? September 20, 2023: Leb Economy, Article AR
  • Is The Authority Unable Or Unwilling To Implement Reforms? Mardini To Diyar: The IMF’s Tendency To Write Off Deposits Means Huge Losses For Depositors And The Bankruptcy Of A Large Number Of Banks, September 21, 2023: Addiyar, Article AR
  • A New Episode Of The Ten On Ten Program With The Director Of The Lebanese Institute For Market Studies, Dr. Patrick Mardini, September 28, 2023: Daleel Koura, TV Interview AR
  • Mardini To Close The Electricité Du Liban And Transfer Its Powers To The Municipalities In Cooperation With The Private Sector, September 29, 2023: VDL, TV Interview AR
  • Solutions To The Lebanese Crisis Exist And Are Available, And It Is Not Too Late, September 29, 2023: SBS, Radio Interview AR
  • Issuing Electricity Bills In Dollars At A Price Of 103 Thousand Pounds…Paying In Pounds Will Charge The Subscriber A 15% Increase Over The Dollar, September 29, 2023, Annahar: Article AR