In the Great Capture, World Bank points out to governance failure in Lebanon

The World Bank warned in its latest report on Lebanon ‘The Great Capture’ of a systematic ‎failure in governance amid an environment of endemic corruption, in addition to a structural ‎decay creeping into the present regime and a political paralysis of the three branches of the ‎government which are either vacant or ineffective. The report pointed out to an increase in ‎bribery and nepotism practices in the public sector which failed to deliver the basic services or ‎resolve the most urgent needs. This has led to the breakdown in the political structure and ‎paralysis of government institutions and of the electoral system, the report went on to say, ‎warning that the present situation is unsustainable and that without serious reforms, it is likely ‎that the social and economic unrest would worsen. It is to be noted that the World Bank ‎highlighted in a previous report published last month that the Lebanese Government is ‎unproductive, anticipating a modest economic growth until the end of 2015. (see ‎http://www.lkdg.org/ar/node/13367)‎
Commenting the WB report, the former minister Charbel Nahhas underscored that the current ‎economic regime in Lebanon is predicated on fuelling its sustainability through non conventional ‎ways, adding that the shortcomings of the present systems are now clear for everyone to see. ‎Nahhas maintained that the present financial system based on attracting foreign funds to cover ‎the deficit in the external balance of payments, constantly works to reproduce a workforce which ‎has no other prospects than immigration and thus regenerating more foreign financial flows.” (Al ‎Akhbar, November 19, 2015)‎