Lebanon: Report on Performance Under the Program Supported by Emergency Post: Conflict Assistance

International Monetary Fund

No 2008/150, IMF Staff Country Reports from International Monetary Fund

Abstract: The economic performance of Lebanon was significantly better despite difficult political conditions under the Emergency Post-Conflict Assistance (EPCA). With lackluster growth and fiscal tightness, the external current account deficit needs to be improved. There is limited scope for fiscal policy actions. The government faces substantial gross financing needs and remains vulnerable to changes in regional liquidity and demand. Increased inflation could worsen the fiscal outlook. In view of this, the authorities have expressed interest in continued quarterly monitoring of Lebanon’s economic policies and performance by the IMF.

Keywords: ISCR; CR; broad money; Lebanon; broad money growth; debt; market financing; deposit inflow; private sector; foreign currency; Fiscal stance; International reserves (search for similar items in EconPapers)
Pages: 13
Date: 2008-05-05
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