Lebanon: Staff Report for the 2006 Article IV Consultation

June 9, 2006

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Lebanon: Staff Report for the 2006 Article IV Consultation, (USA: International Monetary Fund, 2006) accessed November 25, 2024

Summary

Lebanon recovered from the financial shock triggered by Prime Minister Hariri’s assassination. Executive Directors supported the strategy of debt reduction through sustained fiscal adjustment. They welcomed the proactive stance of banking sector supervision and encouraged adoption of a strong securities regulator with adequate legal protection to enhance the stability of the stock market. They stressed the need to strengthen the environment for private sector activity by reducing red tape and corruption, reactivating the liberalization and privatization of the telecom sector, strengthening contract enforcement, and accelerating structural reforms.

Subject: Banking, Central banks, Commercial banks, Currencies, Financial institutions, Foreign exchange, International reserves, Money, Public debt

Keywords: Authorities' reform program, Authority, Commercial banks, CR, Currencies, Debt, Debt ratio, Foreign currency, Foreign exchange, GDP, Global, IMF staff calculation, International reserves, ISCR, Lebanese authorities, Middle East

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/201
Stock No:

1LBNEA2006002
ISBN:

9781451822694
ISSN:

1934-7685

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