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

October 8, 2010

Preview Citation

Format: Chicago

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, (USA: International Monetary Fund, 2010) accessed November 22, 2024

Summary

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.

Subject: Banking, Commercial banks, Expenditure, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public investment and public-private partnerships (PPP)

Keywords: Banque du Liban, Commercial banks, CR, Deposit dollarization, Deposit growth, Deposit inflow, Fiscal stance, Global, ISCR, Middle East, Public investment and public-private partnerships (PPP), Revaluation tax, Staff appraisal

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/306
Stock No:

1LBNEA2010001
ISBN:

9781455208586
ISSN:

1934-7685

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