Reconstructing Lebanon’s Economy

Georges Corm

Chapter 7 in Economic Challenges Facing Middle Eastern and North African Countries, 1998, pp 116-135 from Palgrave Macmillan

Abstract: Abstract This chapter analyzes the issues associated with reconstructing the Lebanese economy after fifteen years of violence (1975–90). An ambitious $11.7 billion reconstruction plan launched in 1992 seeks to restore Beirut to its former position as an important regional banking and services center. The analysis here focuses on the implementation of this plan, particularly its shortcomings. Two issues are paramount. The first pertains to the huge fiscal and monetary imbalances that threaten Lebanon’s economy in the postwar era; the second concerns the huge social needs of the poor segments of the population. The plan, the chapter concludes, is not addressing either issue effectively.

Keywords: Exchange Rate; Real Estate; International Monetary Fund; Banking Sector; Budget Deficit (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-26124-6_7

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DOI: 10.1007/978-1-349-26124-6_7

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