Lebanon: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon

International Monetary Fund

No 2012/039, IMF Staff Country Reports from International Monetary Fund

Abstract: Lebanon is facing a difficult global, regional, and domestic environment simultaneously for the first time in more than a decade. Domestic policies should aim at instilling confidence and tackling key policy challenges, such as preserving macroeconomic stability and paving the way for a more resilient, dynamic, and inclusive economy. The Banque du Liban (BdL) relied on its large foreign reserves build-up during the upswing to intervene forcefully when the Lebanese pound came under pressure from deposit outflows and currency conversions in the wake of the government crisis.

Keywords: ISCR; CR; Banque du Liban; Lebanese pound; foreign currency; authority; depositor confidence; deposit inflow; public finance management reform; reform agenda; Lebanese authorities; Currencies; Commercial banks; Europe; Global; Middle East (search for similar items in EconPapers)
Pages: 66
Date: 2012-02-09
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