Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion

November 25, 2008

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Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2008) accessed November 25, 2024

Summary

The Lebanese authorities have requested follow-up Emergency Post-Conflict Assistance with an access of 12.5 percent of quota to support their economic program. The 2006 war with Israel led to a political stalemate and repeated outbreaks of domestic fighting until the formation of a national unity government in July 2008. Macroeconomic conditions have improved, but fuel and food prices have boosted inflation. Financial market developments have been favorable, despite the global financial crisis, which has had little effect on Lebanon.

Subject: Central banks, Commercial banks, Currencies, External debt, Fiscal policy, Fiscal stance, International reserves, Money, Public debt

Keywords: Amount, Authorities' economic policy, CR, Currencies, Emergency Post-Conflict Assistance, Fiscal stance, Foreign currency, Global, Government debt-to-GDP ratio, IMF's support, International reserves, ISCR, Middle East, Policy, Policy commitment

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/363
Stock No:

1LBNEA2008002
ISBN:

9781451822748
ISSN:

1934-7685

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