Fiscal Year 2021

Technical Assistance

Public Financial Management (June 29-July 1; July 27-29)

METAC organized, jointly with the Institute of Finance Basil Fuleihan, a workshop on PPP management. The objective was to develop further the capacity of government officials to analyze and report on PPP risks. Discussions focused on how the Ministry of Finance can play its role effectively in monitoring and assessing PPP projects, and how the IMF P-FRAM model can be used to assess the risks of a PPP contract and to analyze risks and report on them to the Minister of Finance and other stakeholders. Twenty participants from three agencies attended the event—Ministry of Finance, High Council for Privatization and PPPs, and Electricité du Liban. This multi-agency attendance allowed participants to better appreciate the respective role of each, and the criticality of cross-agency collaboration.

METAC held three webinars on medium-term budget planning, which was attended by 32 staff from the Ministry of Finance and six sectoral ministries and agencies. Participants underscored the potential of medium-term budget planning to strengthen predictability in the allocation and management of budget resources, and encourage results-based management. Participants also stressed the importance of strengthening Lebanon’s current medium-term fiscal framework, in particular using fiscal rules, to increase budget transparency and improve linkages between economic perspectives and budget making. Finally, Lebanon can improve the transparency and efficiency of budget costing by introducing and unifying the use of costing parameter across government ministries and agencies.

Statistics (June 1-12; August 6-7)

METAC assisted the Central Administration for Statistics (CAS) in addressing CPI continuity issues related to the COVID-19 crisis. The key outcomes included: (i) compiling the indexes for March, April, and May 2020; (ii) drafting a statement on the impact of COVID-19 on the CPI; and (iii) developing a plan going forward for the continued timely monthly release of CPI data.

METAC assisted the Central Administration of Statistics of Lebanon in incorporating new quarterly data into the estimation of the output and value added of financial institutions. This was done on a very short notice from the authorities to allow for timely production of quarterly GDP estimates, especially given the financial crisis that the country is going through.