Lebanon: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
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Summary:
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.
Series:
Country Report No. 2012/039
Subject:
Bank deposits Banking Commercial banks Currencies External debt Financial institutions Money Public debt Revenue administration
English
Publication Date:
February 9, 2012
ISBN/ISSN:
9781463939762/1934-7685
Stock No:
1LBNEA2012001
Pages:
66
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