The recent financial and economic meltdown in Lebanon is the result of 30 years of social, economic, financial, and fiscal mismanagement, amplified by the Covid-19 pandemic and further exacerbated by the Beirut port explosion. Lebanese citizens’ trust, as well as the international community's trust in the government, have unfortunately been destroyed. Consequently, Lebanon's sole option is to rebuild confidence in the government and public institutions by implementing economic reforms and to seek an IMF program to pave the way for additional financing from other international sources. The most important confidence-building step is a clear financial and economic plan that has the support of all key stakeholders. This article presents a road map for a reforms-driven, export-led growth strategy for Lebanon. Ultimately, the goal is to jump-start the economy and put it on a path of sustainable, inclusive, and equitable economic growth. Such growth should be grounded in a small, open-economy model and driven by low tariffs, a flexible exchange rate regime, and a dynamic export sector built on competitive and comparative advantages. This plan partially builds on proposals and recommendations provided by previous economic plans and policy notes.

中文翻译：

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黎巴嫩经济能否挽救？复兴计划

黎巴嫩最近的金融和经济崩溃是 30 年社会、经济、金融和财政管理不善的结果，Covid-19 大流行加剧了这种情况，贝鲁特港口爆炸进一步加剧了这种情况。黎巴嫩公民的信任，以及国际社会对政府的信任，不幸被摧毁。因此，黎巴嫩唯一的选择是通过实施经济改革重建对政府和公共机构的信心，并寻求国际货币基金组织的计划，为从其他国际来源获得额外融资铺平道路。最重要的建立信任的步骤是一个得到所有主要利益相关者支持的明确的金融和经济计划。本文介绍了黎巴嫩改革驱动、出口导向型增长战略的路线图。最终，目标是启动经济，使其走上可持续、包容和公平的经济增长道路。这种增长应以小型开放经济模式为基础，并由低关税、灵活的汇率制度以及建立在竞争和比较优势基础上的充满活力的出口部门推动。该计划部分建立在先前经济计划和政策说明提供的提案和建议之上。