Lebanon: 2009 Article IV Consultation and Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon

April 23, 2009

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Lebanon: 2009 Article IV Consultation and Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon, (USA: International Monetary Fund, 2009) accessed November 23, 2024

Summary

The Lebanese financial system has so far weathered the global financial crisis. The 2009 Article IV Consultation highlights that deposit inflows decelerated briefly in the aftermath of the Lehman Brothers bankruptcy, but have resumed at a rapid pace since then. Executive Directors have welcomed the remarkable resilience of the Lebanese economy in the face of the global financial crisis. Directors have also supported the authorities’ monetary policy aimed at safeguarding the exchange rate peg and facilitating a further buildup of international reserves.

Subject: Commercial banks, Currencies, External debt, Financial institutions, Fiscal policy, Fiscal stance, Money, Public debt

Keywords: Banque du Liban, Commercial banks, CR, Currencies, Deposit dollarization, Deposit inflow, Dollarization, Dollarization constitute vulnerability, Fiscal stance, Global, Inflow, ISCR, Middle East, Paris III objective, Support deposit growth

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/131
Stock No:

1LBNEA2009001
ISBN:

9781451822755
ISSN:

1934-7685

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