Lebanon is on the brink of a government default on sovereign debt, a crisis perpetuated by the country's national budget crisis. Electricity is responsible of around 45% of the Lebanon's deficit and debt and the government of Lebanon continues to pump money in the failed national electricity company.
But today Atlas Network partner Lebanese Institute for Market Studies (LIMS) is celebrating a big win that will have an effect on millions of Lebanese citizens. On April 8, 2019 the Lebanese government amended their laws in order to allow private companies into electricity production. The government is now resolved to rely on private independent power producers for all future generation projects and this amendment provides the legal framework.
Three years ago, when LIMS suggested allowing private generation of electricity, it was not an idea that was taken seriously. Today, private production of electricity became a reality thanks to LIMS's well-structured advocacy campaign.
Join Atlas Network for a reception on Monday, June 24 featuring Patrick Mardini, President of the Lebanese Institute for Market Studies. This event is part of our Global Policy Perspectives event series. The dress is business casual; drinks and hors d'oeuvres will be served.
Dr. Patrick Mardini is the president and founder of the Lebanese Institute for Market Studies - LIMS, the first market oriented think-tank in Lebanon. LIMS works with government officials and members of parliament on designing specific policy reforms to address current challenges facing Lebanon. Under his watch, the institute was rewarded the prize of best policy paper in the MENA region at the First Arab Liberty Festival in 2014 and the best emerging think tank in the Mena region at the Arab Liberty Festival in 2015.
Dr. Mardini is currently working with a team of experts on solutions to electricity outages and losses in Lebanon, water pollution, traffic, schools, etc. The challenge is to improve the service without increasing government expenditure and fiscal deficit. He is considered an expert on the limits of government intervention in a sectarian society and the importance of the free market in bringing peace. He is often interviewed by TVs, radios, and newspapers on economic issues related to Lebanon and invited to lecture in Africa, Asia, Europe, North America and the Middle East.
He holds a Ph.D. in Economics from Paris Dauphine University and postdoctoral research from John Hopkins University. He worked on the role of monetary policy in producing financial crises and economic recessions and explored alternative systems such as free banking and currency board. Dr. Mardini published several papers in academic journals. His past employment includes four years at the Paris mutual fund Modèles & Stratégies.
Dr. Tom G. Palmer is the executive vice president for international programs at Atlas Network and is responsible for establishing operating programs in 14 languages and managing programs for a worldwide network of think tanks. On Nov. 10, 2016, Dr. Tom G. Palmer was named the George M. Yeager Chair for Advancing Liberty at Atlas Network. He is also a senior fellow at Cato Institute and director of Cato University. Before joining Cato, he was an H. B. Earhart Fellow at Hertford College, Oxford University, and a vice president of the Institute for Humane Studies at George Mason University. He frequently lectures in North America, Europe, Eurasia, Africa, Latin America, India, China and throughout Asia, as well as the Middle East on political science, public choice, civil society, and the moral, legal, and historical foundations of individual rights. He has published reviews and articles on politics and morality in scholarly journals such as the Harvard Journal of Law and Public Policy, Ethics, Critical Review, and Constitutional Political Economy, as well as in publications such as Slate, the Wall Street Journal, the New York Times, Die Welt, Caixing, Al Hayat, the Washington Post, and The Spectator of London. He is the author of Realizing Freedom: Libertarian Theory, History, and Practice (expanded edition 2014), and the editor of The Morality of Capitalism (2011), After the Welfare State (2012), Why Liberty (2013), Peace, Love & Liberty (2014), and Self-Control or State Control? You Decide (2016). Palmer received his B.A. in liberal arts from St. Johns College in Annapolis, Maryland, his M.A. in philosophy from The Catholic University of America, Washington, D.C., and his doctorate in politics from Oxford University.
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