The revamping of capital spending or what can be referred to as Public Investment is a key reform measure foreseen by the Government of Lebanon and the donor community to rehabilitate failing infrastructure and improve its efficiency, rationalize expenditures, restore the country’s competitiveness, and enhance the business climate to attract new investments, in support of growth and stability. It is also a key pillar of inclusiveness that would allow to restore an acceptable level of access to public services to all citizens. 

The present report provides a quick summary of the main shortcomings of Public Investment Management in Lebanon. It identifies best practices, country experiences and guidelines that can inform the design of a solution relevant to the Lebanese context before proposing two possible scenarios for the institutionalization of a PIM function and related requirements for success. It also sheds the light on needed enhancements at the level of the various stakeholders directly involved in PIM.