2021
DOI: 10.1007/978-3-030-82257-6_13
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Conclusion: Institutional Reform, Governance, and Services Delivery in the Global South: Issues and Perspectives

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“…Banks were giving out loans in exchange for political favors without following proper procedures or ensuring that everything was financially sound before granting the loan. Corruption in the public sector has an impact on the private sector, since most businesses in Lebanon indicate that they have been asked to pay a bribe by a public official at least once, and that failing to comply with these demands has hampered their growth [20]. In fact, about 43% of foreign corporations in Lebanon often or very frequently pay bribes, while another 40% sometimes do.…”
Section: Economy and Business In Lebanonmentioning
confidence: 99%
“…Banks were giving out loans in exchange for political favors without following proper procedures or ensuring that everything was financially sound before granting the loan. Corruption in the public sector has an impact on the private sector, since most businesses in Lebanon indicate that they have been asked to pay a bribe by a public official at least once, and that failing to comply with these demands has hampered their growth [20]. In fact, about 43% of foreign corporations in Lebanon often or very frequently pay bribes, while another 40% sometimes do.…”
Section: Economy and Business In Lebanonmentioning
confidence: 99%