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

February 9, 2012

Preview Citation

Format: Chicago

Lebanon: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon, (USA: International Monetary Fund, 2012) accessed November 21, 2024

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.

Subject: Bank deposits, Banking, Commercial banks, Currencies, External debt, Financial institutions, Money, Public debt, Revenue administration

Keywords: Authority, Banque du Liban, Commercial banks, CR, Currencies, Deposit inflow, Depositor confidence, Europe, Foreign currency, Global, ISCR, Lebanese authorities, Lebanese pound, Middle East, Public finance management reform, Reform agenda

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/039
Stock No:

1LBNEA2012001
ISBN:

9781463939762
ISSN:

1934-7685

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