Business Regulatory Reforms: Recommendations for Lebanon

Abstract

This paper outlines short and long-term business regulatory reforms that Lebanon could implement to make doing business easier in the country. The short-term reforms represent “quick-wins” because they are primarily administrative in nature and can be accomplished quickly through ministerial actions. Although rapid, they would have a large impact on the business environment in Lebanon by eliminating red tape that hinders businesses. These “quick-wins” also create an environment in which longer-term, more in-depth reforms are more likely to succeed. The longer-term reforms may require more time for implementation, a conducive and enabling environment, as well as changes to prevailing laws.

Keywords: regulations, institutions, doing business, business environment, reforms

JEL Classification: H1, H2, H7, K1, K2, O1, O2, O5, P5