Global consulting firm McKinsey & Co. has set out its vision for Lebanon’s economy, with recommendations ranging from building a wealth-management and investment-banking hub to becoming a provider of medicinal cannabis. Turning it into reality will be a tall order.
Caretaker Economy and Trade Minister Raed Khoury said implementing the thrust of the 1,000-page report will be crucial if Lebanon, the world’s third-most indebted nation, wants the international community to start releasing $11 billion in grants and soft loans pledged in April.
