Article: Boom or bust? (reconstruction policy in Lebanon)(Cover Story)

Lebanon received a promise of $3 billion in financial assistance for its national reconstruction from the international community at a one-day conference hosted by the United States in December. Until now, Lebanon has attracted only a negligible inflow of investment and even the recent $3 billion promise fell short of Lebanese hopes. Yet while government officials remain optimistic about the ambitious reconstruction plan, others in Lebanon are raising frightening scenarios.

Lebanon's spirit of rehabilitation is embodied in the portly frame of Prime Minister Rafiq Hariri, a billionaire tycoon with a big vision. Hariri believes that mutually valuable commercial ...

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