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The role of financial institutions in the sustainable development of Lebanon


  • Toufic Mezher

    (American University of Beirut, Lebanon)

  • Dima Jamali

    (American University of Beirut, Lebanon)

  • Carine Zreik

    (American University of Beirut, 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. Copyright © 2002 John Wiley & Sons, Ltd. and ERP Environment.

Suggested Citation

  • Toufic Mezher & Dima Jamali & Carine Zreik, 2002. "The role of financial institutions in the sustainable development of Lebanon," Sustainable Development, John Wiley & Sons, Ltd., vol. 10(2), pages 69-78.
  • Handle: RePEc:wly:sustdv:v:10:y:2002:i:2:p:69-78 DOI: 10.1002/sd.183

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    References listed on IDEAS

    1. Tsur, Yacov & Dinar, Ariel, 1997. "The Relative Efficiency and Implementation Costs of Alternative Methods for Pricing Irrigation Water," World Bank Economic Review, World Bank Group, vol. 11(2), pages 243-262, May.
    2. Michael R. Moore & Ariel Dinar, 1995. "Water and Land as Quantity-Rationed Inputs in California Agriculture: Empirical Tests and Water Policy Implications," Land Economics, University of Wisconsin Press, vol. 71(4), pages 445-461.
    3. Glenn D. Schaible, 1997. "Water Conservation Policy Analysis: An Interregional, Multi-Output, Primal-Dual Optimization Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(1), pages 163-177.
    4. Tsur, Yacov & Dinar, Ariel, 1995. "Efficiency and equity considerations in pricing and allocating irrigation water," Policy Research Working Paper Series 1460, The World Bank.
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    Cited by:

    1. Muel Kaptein & Mark Schwartz, 2008. "The Effectiveness of Business Codes: A Critical Examination of Existing Studies and the Development of an Integrated Research Model," Journal of Business Ethics, Springer, vol. 77(2), pages 111-127, January.
    2. Klein, Florian, 2015. "Identifikation potenzieller Nachhaltigkeitsindikatoren von Genossenschaftsbanken: Eine Literaturstudie," Arbeitspapiere 148, University of Münster, Institute for Cooperatives.

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