Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion

International Monetary Fund

No 2007/177, IMF Staff Country Reports from International Monetary Fund

Abstract: 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 transition to 2008, when fiscal adjustment is envisaged to commence. The authorities intend to seek IMF support through a Stand-By Arrangement (SBA), following satisfactory implementation of the EPCA program and after the immediate impact of the conflict has been addressed and the current political stalemate resolved.

Keywords: ISCR; CR; reform program; Banque du Liban; debt; net; Emergency Post-Conflict Assistance; IMF's support; objectives of the IMF; private sector; debt reduction objective; Government debt management; Currencies; Commercial banks; Middle East; Global (search for similar items in EconPapers)
Pages: 82
Date: 2007-05-18
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