Mandated by the Ministry of Finance, the IOF conducted a diagnostic review of Lebanon's Public Investment Management (PIM) framework. 

This review identified key weaknesses and shortcomings, and analyzed potential options for formalizing a PIM legal and regulatory framework to enhance the efficiency and effectiveness of recovery and reconstruction funding.

The outputs included:
1. A mandate and role for a potential PIM unit and related institutional arrangements
2. An action plan involving all relevant stakeholders to support the reform, promote ownership, and ensure successful implementation.