I tend not to have too many preconceptions when visiting a country for the first time, but an invitation from Arabnet to speak in Lebanon, certainly brought a few news flashes from the 80’s and 90’s to mind!
News flashes aside, a friend saying “wonderful” and always ready to spread the word of open banking – I said yes, whilst simultaneously wishing planes were electric and checking my company is up to date with it’s carbon offsets!
I arrived in Beirut several days before my talk, following my rule of not just flying “in and out” if I can help it.
But, being an urban lover with nature freak tendencies, I wanted to see the “Cedars of God”, a forest of ancient (and also recently planted) Cedar trees.
So, leaving my conference attire behind, my next step was to find the bus stop to take me north to Bsharri.
Everything in Lebanon seems to have three names (three languages are in operation so why not?). Perhaps this is why I couldn’t figure out where the hotel manager was trying to send me. But, Google, Uber and some good old fashioned asking about delivered me to a petrol station where minibuses leave for the north.
At the end of the bus trip, a mini Lebanese network effect kicked in to my advantage: I asked a woman on the bus where to get off: she spoke to the bus driver who asked a passing taxi driver who asked a cousin to take me to a restaurant where the owner helped me find an ATM and then fed me ice cream whilst I waited for the taxi to arrive! It wasn’t the only time I experienced such efficient and generous fluid logistics!
The Cedars of God forest is smaller than I had imaged but each of the old trees is incredible.
I had heard that many new trees had been planted nearby – and I wanted to see them for myself. This took me on a rather long hike..
As I walked up from the cedars I found some discarded ski poles to help me. I also met a shepherd and we conversed in school boy french. The terrain was steep and slippery. I had to navigate between the patches of land that held a bit of moisture and thus afforded some traction. I reflected that that’s a bit like a startup having to jump between contracts. Also, a country embarking on an open banking journey can’t expect to know everything in advance, it will find people and tools to help it along the way.
During my seven hours on the mountain, “The Book of Mirdad” (Naimy) sprang to mind – as did “The Only Way Is Up” by Yazz and “Walking On The Moon” by The Police!
The way down was easier.
But off the mountain path, we find things of the road.
But I was happy to find the new trees (26,000 planted by the US Forest Service and local people)
Not a bad place to wait for the bus back to Beirut!
At the conference, I met with several of Lebanon’s banks – including the central bank Banque du Liban.
Here I am talking about open banking and how Lebanon might shape its open banking priorities.