To What Extent Will the New Public Procurement Law N. 244/2021 Tackle Corruption in Lebanon? journal article A Practical Analysis of the New Lebanese Public Procurement Law in Light of the Corresponding 2011 UNCITRAL Model Law Salim Yaacoub European Procurement & Public Private Partnership Law Review, Volume 19 (2024), Issue 1, Page 61 - 73 Lebanon is grappling with significant deficiencies in financial transparency and a fragmented public procurement system, marked by substantial capacity and technology gaps. This has led to disorganisation and heightened corruption risks. The United Nations estimates that the annual cost of corruption in Lebanon at a staggering 10 billion United States Dollars (USD), attributing this cost to the misallocation of public funds, limited returns on investments, capital flight, and the reluctance of potential investors to pursue economic opportunities. This article appraises the policies and regulations introduced by the Lebanese public procurement Law 244/2021, a response to these challenges and the 2011 United Nations Commission on International Trade Law (UNCITRAL) Model Law.1 This article explores the ways in which Law 244/201 aims to fulfil Lebanon's international obligations in the fight against corruption, particularly by ensuring transparent financial management processes in public procurement. Keywords: UNCITRAL; Lebanon; Corruption; Integrity
Estimated Value vs Final Contract Value in Works Public Procurement – What Causes the Discrepancy? Marko Turudić, Melko Dragojević