The World Bank issued a press release on February 15, 2024 in which it stated that its Board of Executive Directors has approved to finance a $34 million project “The Fiscal Management Project” aimed at restoring core fiscal management functions in Lebanon's public administration. In details, the project aims to stabilize revenue administration through tax compliance, customs training, upgrading Information & Communication Technology (ICT) systems, strengthening budgeting, fiscal reporting, payments processing and audit functions among others. This financing comes in the wake of the prevalent staff attrition in the public sector in light of the devaluation of their local currency based salaries, with the remaining staff reporting high levels of absenteeism (most of them attending work only once per week). The $34 million will be mainly allocated towards ICT systems ($14.1 million), achievement of performance-based conditions ($12.3 million) with the remaining part being geared towards green energy investments. In details, the performance-based section is linked to the timely achievement of certain results such as budget preparation, effective administration of revenue and customs functions, accurate reporting, government payments, audits and verification of the wage bill.