Economics
Lebanon Picks BlackRock EM Manager Bisat as Economy Minister
- Bisat, Jaber to prepare recovery plan to unlock IMF package
- Lebanon struggled to enact reforms after default in 2020
Amer Bisat
Photographer: Eric Thayer/Bloomberg
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Lebanon appointed BlackRock Inc. money manager Amer Bisat as economy minister, making him a key figure in a new government that will attempt to pull the country out of one of the world’s worst financial crises.
Bisat, head of emerging-markets fixed income at the US investment firm, will be among the team tasked with preparing a recovery plan to unlock a stalled $3 billion International Monetary Fund package and oversee financial restructuring.