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Georges Corm Economic & Financial Consultancy Office

Georges Corm Economic & Financial Consultancy Office. Since 1985. Office n°906, Starco centre (Block A), Georges Picot street, Mina El Hosn Beirut, Lebanon. Tel & Fax: 961 1 370130 – 365697 E-mail: gecorm@inco.com.lb Website: www.georgescorm.com. What we offer to our clients.

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Georges Corm Economic & Financial Consultancy Office

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  1. Georges Corm Economic & FinancialConsultancy Office Since1985 Office n°906, Starco centre (Block A), Georges Picot street, Mina El Hosn Beirut, Lebanon. Tel & Fax: 961 1 370130 – 365697 E-mail: gecorm@inco.com.lb Website: www.georgescorm.com

  2. What we offer to our clients • A diversified expertise in the needs of both private and public companies and institutions in terms of governance, financial and institutional restructuring, policy evaluation and strategic planning. • A special focus on designing aid programs for the EU and other national and multinational aid institutions, as well on evaluating the results of aid programs. • Another special focus of the activities of the consulting Office is evaluation and planning of reforms needed in the field of public Finance • A network of connections with Lebanese, Arab and Western experts and consultants in economics, finance and accounting, social policies, laws and regulations, aid program design and evaluation. • The 53 years of economic and financial management expertise of Dr. Georges Corm, former Minister of Finance of Lebanon (1998-2000).

  3. Types of Consultancy Services • Strong capacity to mobilize various types of expertise in different fields through a network of associated experts of Arab & Western nationalities • Offering a variety of services: • Advising established corporations or new entities on structuring or restructuring economic or financial activities • Assisting in institutional reorganization (legal, financial and operational & organizational) for States, Public sector entities and international organizations • Evaluating aid programs and their impact • Public finance and budget cycle: issues and reforms • Macro-economic studies with special focus on MENA and Mediterranean regions • Feasibility studies • Acting as a quality controller on advisory work or management consultancies performed by other Consultants

  4. Main Fields of Consultancy Macro-economic & Financial studies Feasibility studies Structural Adjustment Programs (Public finance, Financial Sector, Privatization, Investment Climate) Policy Evaluation Sustainable Development Policies Quality Control of Consultant work International Cooperation

  5. Sample of Private Sector Clients • Accor Group (France) • Al Nafiyi for shares (Saudi Arabia) • Banque Arabe et Internationale D'Investissements -B.A.I.I, (France) • Banque du Liban et d’Outremer – BLOM (Lebanon) • Crédit Lyonnais (France) • Fransabank group (Lebanon) • Independent Media Foundation SAL (Lebanon) • Lebanese Bankers Association (Lebanon) • Mak Holding, (Lebanon) • Ordre des Ingenieurs de Beyrouth (Lebanon) • Ordre des Topographes (Lebanon)) • Publigraphics Group (Lebanon & Gulf) • Royal Monceau (France) • Sanofi-Aventis (Lebanon) • Société Générale Libano-Européenne de Banque (Lebanon)

  6. Public Sector Clients • Agence Française de Dévélopment (AFD), Beyrouth • Central Bank of Algeria • Central Bank of Lebanon • Delegation à l'Aménagement du territoire et à l'Action régionale - DATAR -France • Economic and Social Fund - Lebanon • Ministry of Labor - Lebanon • Ministry of Works - Bahrain • Office of the Vice - Prime Minister - Lebanon

  7. International Organisation Clients • Economic and Social Commission for Western Asia (ESCWA) • European Commission (Brussels) • Food and Agriculture Organization (FAO), Rome • IFC (World Bank Group) • International Labor Organization (ILO), Geneva • Organization of Economic Development and Cooperation (OECD), Paris • Plan Bleu d‘Action pour la Méditerranée, Sophia Antipolis - France • UN Department of Economic and Social Affairs, New York • UN Environment Program/Mediterranean Action Plan (UNEPMAP), Athens • United Nations Development Program (UNDP), New York • World Bank (Washington)

  8. Countries of expertise Mediterranean countries Middle East & North African Region (MENA) Albania Egypt Turkey Iran Tunisia Syria France Saudi Arabia Bahrain Algeria Lebanon Yemen Oman Morocco Jordan Tanzania

  9. Selected Studies (1) • A Strategy to stimulate Foreign Direct Investment in Bahrain and Oman (ESCWA) • Economic and Financial relations between the Arab countries and the EEC countries from 1960 to 1987 (4 volumes, 466 statistical tables) (BAII - Paris) • Exchange of goods and services in the Mediterranean basin-1960/1990 (19 volumes with the creation of a computerized databank) (DATAR - Paris) • Financial opportunities in the Development of the Agribusiness sector in the Arab World (2 volumes) (BAII - Paris) • Financing sustainable development in the Mediterranean Region (UNEMAP - Athens) • Foundations of a sustainable development for Lebanon (Plan Bleu - France) • Overcoming The Debt Trap In Lebanon: An analysis of debt mechanism and scenarios for the future (Office of the Vice Prime minister – Lebanon)

  10. Selected Studies (2) • Designing a defeasance policy for the real estate portfolio of the Central Bank of Lebanon (Banque du Liban) • Feasibility study for the establishment of a five stars hotel in Beirut (Private company) • A Group strategy for a large multinational hotel company to expand in the Middle East (ACCOR - France) • Prospects of the Iraqi banking market (BLC – Lebanon) • Modernizing and rationalizing Financial and Accounting systems for different large institutions (Lebanon & Gulf countries) • Feasibility study for the establishment of various banks (Lebanon & Algeria) • Feasibility study to establish Industrial Venture Investment Funds (Lebanon & Tunis) • Feasibility study to establish a daily newspaper and a weekly magazine for a large Media Group (Lebanon)

  11. Selected Studies (3) • Labor Migration in the Middle East and North Africa: A View from the Region (World Bank) • Les politiques publiques macro-économiques et la crise de l’emploi dans les pays du sud de la Méditerranée (ILO) • Regulating migratory movement in the Mediterranean through “decent work” principles (ILO) • The Arab Experience in Regional Financial Arrangements (UN – New York) • The foreign indebtedness of Algeria and policy to be followed in the international markets (Central Bank – Algeria) • The competitive capacity of the Lebanese banking system in the Middle East (Association of Banks - Lebanon) • Actuarial study to reform a large Pension system (Order of Engineers - Lebanon)

  12. Selected missions (1) • Coordinator and advisor to the elaboration of a WB Program to rehabilitate public enterprises and settle State arrears in Morocco (for WB – 1984-1986) • Advising on the restructuring of Algerian Development Bank (for WB-1987) • Advisor to the Ministry of Finance & the Central bank of Algeria, mainly in the field of modernizing and liberalizing banking and financial regulations (1989-1992) • Restructuring the main Public enterprises in Tanzania in view of their privatization (for WB – 1994) • Advising on the restructuring of Bahrain Development Bank (for WB - 1995) • Consulting missions to advise on the banking system rehabilitation and its privatization in Albania (for WB – 1994-1996 & EU - 1997) • Team leader on behalf of EU to appraise the rehabilitation needs and elaborate a Program for the modernization of the Syrian Ministry of Finance (Taxation, Budget and Public Investment, Treasury and Public Debt, Customs, IT and HR) (1996-1997) • Pre-diagnostic mission to appraise the state of the Iranian banking system (for WB – 1998) • Pre-diagnostic study for the restructuring of the Specialized banking institutions in Yemen (for WB - 1998)

  13. Selected missions (2) • Reforming the financial and accounting system of the Lebanese order of Engineers (1997-1998) • Team leader for an appraisal of the new banking legislation allowing foreign banks to establish new banks in Syria (for IFC – 2001) • Advisor to PrimeCorp investment activities in the ME, Paris (2001) • Quality Control of the Reorganization of the Bahraini ministry of Works (2002-2003) • Team leader on behalf of EU to the Ministry of Finance of Turkey for the alignment of the Turkish tax system to the Directives of the European Union (2004) • Team leader for the evaluation for EU of the Structural Adjustment Program of the Financial Sector in Morocco (2005) • Team leader for the elaboration of an EU Program to strengthen the competitive capacity of the Tunisian Economy (2006) • Team leader for evaluating the performance of Public Finance Management in Jordan (2007) and Tunis (2009) and expert in a Team for evaluating PFM in Morocco (2008) • Preparing a new 10 years plan for the Economic & Social Fund in Lebanon with 5 financing proposals for potential donors (2008). • Evaluation of EU Budgetary support to Tunisia (2010)

  14. Selected missions (3) • Evaluation of the governance, management and performance of the Marseille Center for Mediterranean Integration - MCMI (2011) • Supervision and Quality Control of the work of two external consultants preparing a financial and institutional reorganization of the Order of Engineers, Beirut (2012-2013) • Expert in the World Bank Group Country Tunisia Program Evaluation, FY 05-012 in charge of Governance, macro-economy and Public Finance Management (2012-2013) • Evaluation of the use of a post-conflict credit line granted by Agence Française de Développement – AFD through five Lebanese banks to small and medium size companies (2013); and evaluation of the use of two credit lines granted to Lebanese banks, one to finance hospitals, the other to finance higher education student loans (2015-2016). • Elaboration of two Policy Notes for the Lebanese Minister of Labor to promote the social dialogue (WB financing). One on “the needed Labor Policies and its impact on the Lebanese economy; the other one “the necessity of reform of the Social Security Fund to provide a social protection to the Lebanese (2013) • Evaluation of the Lebanese Economic & Social Fund performance vis à vis objectives and evaluate its five years strategy for 2015-2020 (2015) .

  15. Highlights of Georges Corm Career (1) • Higher Education : • Graduated from Paris University • Institut d’Etudes Politiques ( Major in Economics and Public Finance) in 1961 and • Faculté de Droit et de Sciences Economiques • Licence en Droit (1962) in civil & commercial law, • Diplôme d’Etudes Supérieures (1966) • Doctorat d’Etat (Ph.d.) in Constitutional Law with the highest honors (1969). • Professional Carrier: • Lebanese civil service • 1963-64 Economist with the Ministry of Planning, • 1964-1968 Monetary and Financial Expert with the Ministry of Finance • International bankingand central banking • Crédit Lyonnais – Beirut and Paris (1968-1970), • Union des Banques Arabes et Françaises, UBAF, Paris (1970-73), • General Representative of the Banque Nationale d’Algérie for the Middle East, Beirut (1973-1980) and Financial Advisor to the Minister of Finance of the Republic of Algeria (1976-1978). • Advisor to the Governor of the Central Bank of Lebanon (1980-1985) and • Head of Investment Department at Intra Investment Company, Beirut (1981-1982)

  16. Highlights of Georges Corm Career (2) • International economic & financial consulting • Head of G. Corm Economic and Financial Consultant Office (1985 to present) • From December 1998 to October 2000, G. Corm served as Minister of Finance of the Lebanese Republic. In this capacity, he prepared a Five Year Plan for fiscal reform, prepared the introduction of VAT and paid all accumulated arrears due by the State to the private sector. The Fiscal Reform Plan was supported by an EU Grant of € 50 million. During his tenure, average actual yield on Tbills decreased from 22.5% to 14.4%. • Academic experience : • Professor Lecturer between 1972 and 1985 at the Lebanese University, American University and Saint-Joseph University. Since 2001, Professor at Saint-Joseph University, teaching “International Economic Cooperation” (Master I), “Public policies in the Arab countries” (Master II) and “Dynamics of conflicts in the Middle East” (Master I) • Membership in Professional Bodies : • Economic Research Forum for the Arab World, Turkey and Iran (Cairo), • Arab Economic Research Society (Cairo), • Arab Thought Forum (Amman), • Institut de prospective économique du monde méditerranéen – IPEMED (Paris) • Association internationale pour la sauvegarde de Tyr • Observatoire de la fonction publique (Beirut)

  17. For More Infowww.georgescorm.com

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