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 2008/363, IMF Staff Country Reports from International Monetary Fund

Abstract: 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 unity government in July 2008. Macroeconomic conditions have improved, but fuel and food prices have boosted inflation. Financial market developments have been favorable, despite the global financial crisis, which has had little effect on Lebanon.

Keywords: ISCR; CR; government debt-to-GDP ratio; Emergency Post-Conflict Assistance; policy commitment; policy; amount; IMF's support; authorities' economic policy; foreign currency; Fiscal stance; International reserves; Currencies; Global; Middle East (search for similar items in EconPapers)
Pages: 61
Date: 2008-11-25
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