Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance

July 17, 2009

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Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance, (USA: International Monetary Fund, 2009) accessed November 25, 2024

Summary

This paper focuses on Lebanon’s performance under the program supported by emergency post-conflict assistance. The end-March quantitative target on international reserves was met with a wide margin. While the primary balance target was also met, the program ceiling on net government financing by the Banque du Liban (BdL) was missed. The Global Income Tax law has not yet been submitted to parliament, and the planned privatization of Telecom is waiting for an improvement in global conditions. Near-term macroeconomic policies need to focus on at least safeguarding the authorities’ zero primary balance target.

Subject: Central banks, Commercial banks, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, International reserves, Public debt

Keywords: Bank deposit, BdL CDs, Commercial bank deposit inflow, Commercial banks, CR, Deposit dollarization, Dollarization, Financing, Financing condition, Fiscal consolidation, Fiscal stance, Foreign currency, Global, Government market financing, International reserves, ISCR

Publication Details

Pages:

13
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/213
Stock No:

1LBNEA2009002
ISBN:

9781451822762
ISSN:

1934-7685

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