Lebanon: 2010 Article IV Consultation: Staff Report; Staff Statement: Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon

International Monetary Fund

No 2010/306, IMF Staff Country Reports from International Monetary Fund

Abstract: 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 high government debt and to implement growth-enhancing structural reforms is emphasized. To underpin the medium-term fiscal strategy and growth, Executive Directors encouraged the authorities to take the opportunity of the positive economic environment to implement structural reforms.

Keywords: ISCR; CR; revaluation tax; Banque du Liban; staff appraisal; deposit dollarization; deposit growth; deposit inflow; Fiscal stance; Commercial banks; Public investment and public-private partnerships (PPP); Global; Middle East (search for similar items in EconPapers)
Pages: 61
Date: 2010-10-08
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