Debt-to-GDP ratio is to be lowered to 110 percent
The much awaited McKinsey Report has been published by the Ministry of Economy and Trade (MoET). It is a comprehensive five year national economic plan that was prepared by McKinsey & Company.
The ‘Lebanon Economic Vision’ study, was mandated by a government decree in October 2017.
McKinsey has set several targets for 2025 that pertain to the economy in general and to key economic sectors.
The real GDP is targeted at about $80 billion and the GDP per capita at around $16,000. The real economic growth for 2025 is set to increase to five to six percent from one to three percent in 2017.
It is aimed that the balance of payments would achieve a surplus that would represent ten percent of GDP.