Authors: Sami Zoughaib and Cynthia Saghir
A brief overview of the pensions landscape in Lebanon and the need and opportunities for reform. The authors begin:
Lebanon is one of two countries in the region and one of 16 countries worldwide that does not have a comprehensive pension system. The roots of this issue go deeper than the notorious mismanagement of the country’s social protection schemes and is exemplary of the political economy model that governs it. In fact, the lack of a pension scheme is a manifestation of elite capture of state resources and the country’s hierarchical structures of welfare that are dependent on political allegiance.