South Lebanon’s Reconstruction Hinges on Private Capital and Procurement Reform

Lebanon’s

Lebanon’s path to post-war recovery faces formidable obstacles, not least a deep-rooted banking crisis and the absence of credible mechanisms to finance reconstruction.

LIMS argued that unlocking international capital is imperative. In sectors such as electricity, telecommunications, and waste management, the key lies in opening markets to private competition. State-owned enterprises in these areas have long been synonymous with inefficiency, underinvestment, and deteriorating service quality. Injecting competition would enhance reliability, lower consumer costs, and spur innovation. The objective must be to increase supply, empower consumer choice, and drive efficiency. A more dependable power supply could revitalize Lebanon’s struggling industrial base, while upgraded telecommunications infrastructure could stimulate the digital economy. Similarly, a functioning waste management system would improve public health outcomes and bolster the country’s appeal as a tourism destination.

On the other hand, sectors such as road networks and natural monopolies demand procurement reform. Through its  APPLE-C program, LIMS is championing the application of Lebanon’s reformed public procurement law to ensure transparent, competitive bidding. Central to this effort is empowering the Public Procurement Authority to vet tenders and strike down contracts that fail to meet legal standards. By curbing the political patronage and corruption that have long marred major infrastructure projects, Lebanon can rebuild with greater accountability — and restore the confidence of both investors and citizens.

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