Foreign investment gains can promote the Lebanese digital economy
The United Conference on Trade and Development (UNCTAD) released a new Investment Policy Review (IPR) of Lebanon that denotes the country’s potential to promote employment and drive the development of information economy through foreign investment. The UNCTAD report acknowledges the Lebanese government’s endeavours in the adoption of e-government solutions. The report proposes a strategy to increase FDI attraction, especially in the information and communications technology (ICT) and ICT-enabled sectors. It further pinpoints several recommendations to help Lebanon improve the digital economy, which include advancing the investment climate and embracing a strategic approach to investment promotion. To position the country as a leading regional and global destination for investors in the information economy, the report also recommends several reforms to the structure and functions of the Investment Development Authority of Lebanon (IDAL).