The role of financial institutions in the sustainable development of Lebanon

After years of war, Lebanon is witnessing an era of reconstruction and development. Worldwide experience has proven, however, that development cannot and should not be accomplished at the expense of the environment and natural resources. Thus, guiding Lebanon towards a sustainable development path is a must. Lebanese financial institutions, which are a major player in the market, have the potential to accelerate the sustainable development of the country. This paper investigates the actual role played by Lebanese financial institutions in the quest for sustainable development and offers practical recommendations that should help this sector improve its performance regarding sustainability issues.