In 2000, the French Ministry of Economy and Finance selected and appointed Lamia Moubayed Bissat to become head and director of the Institut des Finances Basil Fuleihan in Lebanon.[6] Moubayed led its transition from a bilateral initiative to a financially and administratively autonomous public service agency within the Lebanese ministry of finance. The institute is today a provider of knowledge in public financial management and state modernization in Lebanon and the MENA region.[2]