Build & reform
Main Challenges
• Address absence of effective
financial markets
• Uplift policy framework including privatization program
• Overhaul foreign direct
investment (FDI)
Main Challenges
• Update legislation • Facilitate trade • Streamline interactions with the state and remove red tape
POLICY PRIORITY 2.3 INCREASE PRODUCTIVITY
Proposed Measures
Measure 2.3.1
Promote and buid capacities for value creation in capital markets.
Measure 2.3.2
Incentivize international joint ventures and technology transfer alliances by improving intellectual property rights protection, offering fiscal incentives, and removing non-tax barriers to businesses.
Measure 2.3.3
Invest in the institutional capacities and human capital of regulators that are deemed productivity boosters in financial markets, public services, and the real economy.
Measure 2.3.4
Encourage the attraction of FDI by upgrading investment agencies, and increase incentives for inflows of FDI that contain technology transfer components.
POLICY PRIORITY 2.4
ENHANCE THE BUSINESS AND INVESTMENT CLIMATE
Proposed Measures
Measure 2.4.1
Further modernize existing laws pertaining to competition, anti-dumping, intellectual property, antitrust, small and medium-sized enterprises, quality-enhancing, bankruptcy and insolvency, code of commerce, and the building code.
Measure 2.4.2
Create legislation that would allow for small debts recovery.
Measure 2.4.3
Evaluate existing assessments, such as the World Bank’s Doing Business report and similar international benchmarks on practices and barriers in Lebanon—act to address issues raised.
Measure 2.4.4
Introduce e-government solutions and improve omni-channel access to governmental procedures, such as customs, to reduce red tape on import and export trade procedures.
Measure 2.4.5
Introduce a government-backed export program with a mandate of educating companies on how to export.
Measure 2.4.6
Create a trade and finance program and restructure all trade debts.
Measure 2.4.7
To bolster the private sector, make sure that capital control laws still allow businesses of all sizes to maintain and grow their operations, allowing for international transactions when necessary, to keep Lebanon’s industries, services, and products relevant.
POLICY PRIORITY 2.5
MAKE PRIVATIZATION WORK
Proposed Measures
Measure 2.5.1
Complete and implement PPP legislation and empower independent oversight bodies that can contribute to the efficient delivery of services of PPPs, including the judiciary, regulatory bodies, and civil society.
Measure 2.5.2
Make state-owned enterprises market ready to operate as private sector entities.
Measure 2.5.3
Determine public good priorities to be met by privatized entities.
Measure 2.5.4
Activate capital markets in the context of privatization of state-owned enterprises.
Measure 2.5.5
Review privatization proposals on a case-by-case basis, and implement solutions to provide the services of privatized companies aligned with social and public interests.
Measure 2.5.6
Intensify existing nascent training of municipal, provincial, and national agencies to enable them to evaluate and manage PPP projects and procurements.
Measure 2.5.7
Use PPPs to deliver financial capacity, purchasing power, and liquidity.