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The local service delivery system is under immense pressure and investments in local economic development are insufficient.In order for municipalities to keep pace with increased local demands and provide local development, the reforms of the IMF and taxation system must be complemented with the provision of other fiscal resources.The discussion chiefly centered around the involvement of the private sector in local development.Among them was the conclusion that establishing joint projects with the private sector was a potential and important avenue for municipalities to finance investments in local development.However, despite the legal consent and the successful experiences of some municipalities in cooperating with the private sector, this fiscal resource remains under-utilized.Consequently, in order to fill the investment gap in local economic development, the Lebanese government must take steps to facilitate the provision of much-needed local fiscal resources. It must encourage the role of that sector in investing in local development while ensuring that municipalities are aware of the full values and costs of such a venture.Finally, the government must encourage municipalities to seek help from the Higher Council for Privatization which provides technical aid as well as legal consultation to the municipalities on how to collaborate with the private sector.
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