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In this study, Lebanon’s economy performed well during the global financial crisis. The banking sector has been resilient in the face of the global crisis, thanks to relatively conservative funding and asset structures, and prudent banking regulations and supervision. The need to address the...
Persistent link: https://www.econbiz.de/10014402314
The Lebanese authorities have requested follow-up Emergency Post-Conflict Assistance with an access of 12.5 percent of quota to support their economic program. The 2006 war with Israel led to a political stalemate and repeated outbreaks of domestic fighting until the formation of a national...
Persistent link: https://www.econbiz.de/10014402842
The Lebanese financial system has so far weathered the global financial crisis. The 2009 Article IV Consultation highlights that deposit inflows decelerated briefly in the aftermath of the Lehman Brothers bankruptcy, but have resumed at a rapid pace since then. Executive Directors have welcomed...
Persistent link: https://www.econbiz.de/10014403448
This report reviews the Emergency Post-Conflict Assistance (EPCA) given to Lebanon after the conflict with Israel in 2006. The five-week conflict with Israel in 2006 and the month-long blockade that followed inflicted a heavy human and economic toll on Lebanon. EPCA would provide an appropriate...
Persistent link: https://www.econbiz.de/10014404821
The report highlights IMF's projections and estimates of Lebanon's central government operations, revenue and grants, and expenditure by economic classification, government debt, monetary survey, commercial bank interest rates on Lebanese pound transactions and U.S. dollar transactions during...
Persistent link: https://www.econbiz.de/10014406905
The Selected Issues paper of Lebanon provides an update of the vulnerability assessment based on the balance sheet approach. It explores the interest rate determination, the strength of the link to international interest rates, and exposure to international interest rate shocks, summarizes the...
Persistent link: https://www.econbiz.de/10014405486
This Report on the Interim IMF Staff Visit to Lebanon provides information on economic and policy developments since the Article IV discussions of February–March 2004. It updates the IMF staff’s projections, medium-term framework, and related Debt Sustainability Analysis. All available...
Persistent link: https://www.econbiz.de/10014405629
Lebanon recovered from the financial shock triggered by Prime Minister Hariri’s assassination. Executive Directors supported the strategy of debt reduction through sustained fiscal adjustment. They welcomed the proactive stance of banking sector supervision and encouraged adoption of a strong...
Persistent link: https://www.econbiz.de/10014405640
This 2007 Article IV Consultation highlights that economic developments in Lebanon in 2006 were significantly affected by the July–August conflict with Israel. Real GDP is estimated to have been flat, with strong growth in the first half of the year offset by the disruptions during and after...
Persistent link: https://www.econbiz.de/10014405867
This Report assesses the Observance of Standards and Codes on Fiscal Transparency for Lebanon. There appears to be insufficient public understanding of, or interest in, the critical need for sustained fiscal reforms. The government’s program of reform needs to be based on more analysis,...
Persistent link: https://www.econbiz.de/10014405976