Alain Bifani has had an insider's view of Lebanese politics for decades as Director General of the Ministry of Finance. In this discussion he explores the origins of the current crisis in Lebanon in the historical corruption of the banking sector. Entrenched interests, called "the cartel," have grown enormously rich at the expense of the impoverishment of the nation at large, especially the middle class. The very wealthy have been able to shelter assets overseas, some of which has been exposed by the Pandora Papers revelations. Bifani argues that little can change until there is a change in the national leadership. The international community, in particular the United States, should respond by sanctioning corrupt actors, insisting on transparency in finances and governances, and making sure that any aid programs benefit the Lebanese people as a whole, not only the elite of the "bankocracy."
-
About Hoover
About Hoover
Located on the campus of Stanford University and in Washington, DC, the Hoover Institution is the nation’s preeminent research center dedicated to generating policy ideas that promote economic prosperity, national security, and democratic governance.
Learn More -
Fellows
Fellows
Hoover scholars form the Institution’s core and create breakthrough ideas aligned with our mission and ideals. What sets Hoover apart from all other policy organizations is its status as a center of scholarly excellence, its locus as a forum of scholarly discussion of public policy, and its ability to bring the conclusions of this scholarship to a public audience.
View All Fellows -
Research
Research
Throughout our over one-hundred-year history, our work has directly led to policies that have produced greater freedom, democracy, and opportunity in the United States and the world.
Learn More -
Commentary
Commentary
Hoover scholars offer analysis of current policy challenges and provide solutions on how America can advance freedom, peace, and prosperity.
Learn More - Library & Archives
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More - Events
- Student Opportunities
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountForgot Password
Login?
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountHave questions? Contact us
Forgot Password
Login?
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More