Executive
Board Calendar |
Board Discussions
on Lebanon:
Previous: July 30, 2010 April 15, 2009 November 14, 2008 October 3, 2007 April 9, 2007
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Article IV Staff Reports
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Projected % Change
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2013
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2014
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Real GDP
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2.0
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4.0
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Consumer Prices
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6.7
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2.4
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Source: World Economic Outlook (April 2013)
Please refer to more recent PIN/Staff reports on this country for possible revisions.
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Lebanon: Financial Position in the Fund

Transactions with the Fund

Central Bank Banque du Liban

Finance Ministry Ministere des Finances

Other l'Institut des Finances

IMF Resident Representative Office in Lebanon
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Lebanon and the IMF
Updated April 20, 2013
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Show all items sorted by date | Annual Meetings Speeches (3) | Article IV Staff Reports (5) | IMF Survey Online (2) | IMF Surveys (3) | IMFC Statements (2) | Interim Committee Statements (1) | Issues Briefs (1) | Letters of Intent (2) | MCD Country Notes (1) | Mission Concluding Statements (5) | Press Releases (12) | Public Information Notices (8) | Publications (29) | Speeches (4) | Statements at Donor Meetings (2) | Transcripts (9) | Views & Commentaries (1)
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| Annual Meetings Speeches |
 | September 28, 2000 -- Statement by the Hon. Georges Corm, Governor of the World Bank for Lebanon, at the Joint Annual Discussion
PDF File Size: 142Kb
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 | September 29, 1999 -- Statement by the Hon. Georges Corm, Governor of the World Bank for Lebanon, at the Joint Annual Discussion
PDF File Size: 16Kb
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 | September 28, 1999 -- Statement by the Hon. Mahfoudh Ould Mohamed Ali, Governor of the IMF for Mauritania on behalf of the Arab Governors, at the Joint Annual Discussion
PDF File Size: 18Kb
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| Article IV Staff Reports |
 | February 09, 2012 -- Lebanon: 2011 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
Series: Country Report No. 12/39
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 | October 08, 2010 -- Lebanon: 2010 Article IV Consultation - Staff Report; Staff Statement: Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
Series: Country Report No. 10/306
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 | April 23, 2009 -- Lebanon: 2009 Article IV Consultation and Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
Series: Country Report No. 09/131
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 | December 14, 2007 -- Lebanon: 2007 Article IV Consultation - Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
Series: Country Report No. 07/382
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 | June 09, 2006 -- Lebanon: 2006 Article IV Consultation - Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon
Series: Country Report No. 06/201
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| IMF Survey Online |
 | October 08, 2010 -- IMF Survey: Lebanon's Challenge: Reforming When Times Are Improving
Lebanon’s economy is booming, but to sustain the current growth spell, the country must strengthen public finances, upgrade its infrastructure, and improve the business environment, IMF economists say.
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 | August 11, 2009 -- IMF Survey: Resilient Lebanon Defies Odds In Face of Global Crisis
Last year Lebanon seemed a prime candidate for a textbook emerging market financial crisis. But the Lebanese economy could this year grow substantially faster than recent projections— not the first time the country has defied the odds in the face of a severe shock.
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| IMF Surveys |
 | April 23, 2007 -- IMF Survey:
Spring Meetings focus on global growth, imbalances; IMFC communique; economic outlooks for Western Hemisphere, sub-Saharan Africa, Asia, and Europe; Aid for Lebanon's recovery; United Kingdom reaps fruits of reform; China's growth examined PDF File Size: 783Kb
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 | January 29, 2007 -- IMF Survey:
Montenegro, IMF membership, Peru loan, Lebanon, Murilo Portugal interview, IMF technical assistance (TA), Vietnam and WTO, Colombia, foreign direct investment, gender and economics, Arab economies, France and 35-hour week. PDF File Size: 935Kb
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 | July 10, 2006 -- IMF Survey:
Afghanistan: IMF loan; de Rato, African Governors meet; Bank-Fund collaboration; New Zealand, Libya; Chinese monetary policy; Lebanon: reconstruction; Canada: commodity boom; Persian Gulf: statistical agency; ECB monetary policy; WAEMU; Mineral resources PDF File Size: 587Kb
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| IMFC Statements |
 | April 20, 2013 -- IMFC Statement by The Honorable Sultan N. Al-Suwaidi, Governor of the Central Bank, of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 129Kb
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 | October 13, 2012 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs of the United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
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 | April 21, 2012 -- IMFC Statement by Obaid Humaid Al-Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 331Kb
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 | October 09, 2010 -- IMFC Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, Ministry of Finance, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 415Kb
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 | April 24, 2010 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the Central Bank of the United Arab Emirates
On behalf of: Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Liberia, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 346Kb
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 | October 04, 2009 -- Statement by Obaid Humaid Al Tayer, Minister of State for Financial Affairs, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Liberia, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 292Kb
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 | April 25, 2009 -- IMFC Statement by the H.E. Sultan N. Al-Suwaidi, Governor of the Central Bank, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 333Kb
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 | October 11, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 287Kb
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 | April 12, 2008 -- IMFC Statement by His Excellency Sultan N. Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 187Kb
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 | April 22, 2006 -- IMFC Statement by His Excellency Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 38Kb
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 | April 16, 2005 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 37Kb
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 | October 02, 2004 -- IMFC Statement by His Excellency, Sultan Bin Nasser Al-Suwaidi, Governor of the United Arab Emirates Central Bank
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 579Kb
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 | April 24, 2004 -- IMFC Statement by His Excellency, Mohamed K. Khirbash, Minister of State for Finance and Industry, Ministry of Finance and Industry, United Arab Emirates
On behalf of: United Arab Emirates, Kingdom of Bahrain, Arab Republic of Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syrian Arab Republic, Republic of Yemen. PDF File Size: 559Kb
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 | September 28, 2002 -- Statement by His Excellency Mohamed K. Khirbash Minister of State for Finance and Industry Ministry of Finance and Industry, United Arab Emirates, International Monetary and Financial Committee Meeting, September 28, 2002
The International Monetary and Financial Committee statement on behalf of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives, Oman, Qatar, Syria, United Arab Emirates, Yemen
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 | September 24, 2000 -- Statement by Carlos Saito G-24 Chairman to the Second Meeting of the International Monetary and Financial Committee, September 24, 2000
Speaking as the Chairman of the Intergovernmental Group of 24 on International Monetary Affairs
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| Interim Committee Statements |
 | September 26, 1999 -- Statement by The Honorable Sultan Nasser Al-Suwaidi Governor United Arab Emirates, Interim Committee Meeting, September 26, 1999
The Interim Committee member for the constituency consisting of Kingdom of Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Socialist People's Libyan Arab Jamahiriya, Maldives, Oman, Qatar, Syrian Arab Republic, United Arab Emirates and Republic of Yemen
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| Issues Briefs |
 | August 15, 2003 -- The IMF and the Middle East and North Africa-- An IMF Issues Brief
The IMF actively supports countries in the Middle East and North Africa (MENA) region in adopting economic policies and reforms aimed at achieving stronger economic performance and higher living standards.
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| Letters of Intent |
 | November 03, 2008 -- Lebanon -- Letter of Intent and Technical Memorandum of Understanding, November 03, 2008
PDF File Size: 382Kb
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 | January 01, 2007 -- Lebanon -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, January 01, 2007
PDF File Size: 4229Kb
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| MCD Country Notes |
 | December 29, 2009 -- IMF Program Note on Lebanon
Program Note on Lebanon
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| Mission Concluding Statements |
 | June 10, 2010 -- Lebanon -- 2010 Article IV Consultation Mission Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | March 06, 2009 -- Lebanon -- 2009 Article IV Consultation Mission, Mission Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | May 28, 2007 -- Lebanon 2007 Article IV Consultation - Mission Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | October 28, 2005 -- Lebanon -- 2005 Article IV Consultation Discussions, Preliminary Conclusions of the IMF Mission
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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 | July 29, 2004 -- Lebanon -- IMF Staff Visit - Concluding Statement
Describes the preliminary findings of IMF staff at the conclusion of certain missions (official staff visits, in most cases to member countries). Missions are undertaken as part of regular (usually annual) consultations under Article IV of the IMF's Articles of Agreement, in the context of a request to use IMF resources (borrow from the IMF), as part of discussions of staff monitored programs, and as part of other staff reviews of economic developments.
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| Press Releases |
 | May 10, 2012 -- Press Release: Statement by IMF Deputy Managing Director Nemat Shafik at the Conclusion of Her Visit to Lebanon
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 | November 23, 2011 -- Press Release: Statement by an IMF Mission to Lebanon
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 | June 08, 2010 -- Press Release: Statement at the Conclusion of the IMF's 2010 Article IV Consultation Mission to Lebanon
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 | March 05, 2009 -- Press Release: IMF Mission Conducts Lebanon's Article IV Discussions, Review under EPCA Program
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 | February 06, 2009 -- Press Release: Statement by IMF Deputy Managing Director Murilo Portugal at the Conclusion of His Visit to Lebanon
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 | November 19, 2008 -- Press Release: IMF Executive Board Approves US$37.6 Million in Emergency Post-Conflict Assistance to Lebanon
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 | May 04, 2007 -- Press Release: IMF Executive Board Approves US$76.8 Million In Emergency Post-Conflict Assistance to Lebanon
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 | January 23, 2007 -- Press Release: Statement by IMF First Deputy Managing Director John Lipsky on Lebanon
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 | October 05, 2006 -- Press Release: Resumption of Operations at the IMF's Middle East Technical Assistance Center (METAC) in Beirut, Lebanon
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 | October 20, 2004 -- Press Release: IMF Managing Director Rodrigo de Rato to Visit Saudi Arabia, Lebanon, and Egypt
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 | May 17, 2004 -- Press Release: IMF to Establish Middle East Regional Technical Assistance Center in Lebanon
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 | December 12, 2003 -- Press Release: IMF Deputy Managing Director Agustín Carstens's Statement at the Conclusion of His Visit to Lebanon
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| Public Information Notices |
 | February 08, 2012 -- Public Information Notice: IMF Executive Board Concludes 2011 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | October 08, 2010 -- Public Information Notice: IMF Executive Board Concludes 2010 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | April 17, 2009 -- Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | November 26, 2007 -- Public Information Notice: IMF Executive Board Concludes 2007 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | May 30, 2006 -- Public Information Notice: IMF Executive Board Concludes 2006 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | July 07, 2004 -- Public Information Notice: IMF Concludes 2004 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | March 20, 2003 -- Public Information Notice: IMF Concludes 2002 Article IV Consultation with Lebanon
Each Public Information Notice contains a background section, a table of selected economic indicators, and an Executive Board assessment.
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 | October 29, 2001 -- Public Information Notice: IMF Concludes Article IV Consultation with Lebanon
Public Information Notices (PINs) form part of the IMF's efforts to promote transparency of the IMF's views and analysis of economic developments and policies.
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| Publications |
 | February 09, 2012 -- Lebanon: Selected Issues
Series: Country Report No. 12/40
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 | February 01, 2011 -- What Drives the Performance of Selected MENA Banks? A Meta-Frontier Analysis
Author/Editor: Ben Naceur, Sami | Ben-Khedhiri, Hichem | Casu, Barbara Series: Working Paper No. 11/34
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 | November 12, 2009 -- Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance
Series: Country Report No. 09/313
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 | September 01, 2009 -- Fiscal Sustainability in Remittance-Dependent Economies
Author/Editor: Abdih, Yasser | Chami, Ralph | Gapen, Michael T. | Mati, Amine Series: Working Paper No. 09/190
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 | September 01, 2009 -- Lebanon-Determinants of Commercial Bank Deposits in a Regional Financial Center
Author/Editor: Finger, Harald | Hesse, Heiko Series: Working Paper No. 09/195
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 | July 15, 2009 -- Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance
Series: Country Report No. 09/213
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 | November 25, 2008 -- Lebanon: Use of Fund Resources - Request for Emergency Post-Conflict Assistance - Staff Report; and Press Release on the Executive Board Discussion
Series: Country Report No. 08/363
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 | May 05, 2008 -- Lebanon: Report on Performance Under the Program Supported by Emergency Post - Conflict Assistance
Series: Country Report No. 08/150
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 | April 01, 2008 -- A Simple Stochastic Approach to Debt Sustainability Applied to Lebanon
Author/Editor: di Giovanni, Julian | Gardner, E. H. Series: Working Paper No. 08/97
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 | January 01, 2008 -- Lebanon-Weathering the Perfect Storms
Author/Editor: Schimmelpfennig, Axel | Gardner, E. H. Series: Working Paper No. 08/17
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 | December 17, 2007 -- Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance
Series: Country Report No. 07/384
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 | November 30, 2007 -- Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance
Series: Country Report No. 07/371
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 | May 18, 2007 -- Lebanon: Use of Fund Resources - Request for Emergency Post-Conflict Assistance - Staff Report; and Press Release on the Executive Board Discussion
Series: Country Report No. 07/177
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 | June 09, 2006 -- Lebanon: Selected Issues
Series: Country Report No. 06/200
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 | June 09, 2006 -- Lebanon: Statistical Appendix
Series: Country Report No. 06/204
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 | April 01, 2006 -- Interest Rate Determination in Lebanon
Author/Editor: Poddar, Tushar | Goswami, Mangal | Sole, Juan | Icaza, Victor Echévarria Series: Working Paper No. 06/94
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 | May 16, 2005 -- Lebanon: Report on Observance of Standards and Codes-Fiscal Transparency Module
Series: Country Report No. 05/158
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 | September 30, 2004 -- Lebanon: Report on Interim Staff Visit
Series: Country Report No. 04/313
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 | January 01, 2004 -- How Private Creditors Fared in Emerging Debt Markets, 1970-2000
Author/Editor: Klingen, Christoph | Weder, Beatrice | Zettelmeyer, Jeromin Series: Working Paper No. 04/13
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 | June 01, 2003 -- Exchange Rate Regime Considerations for Jordan and Lebanon
Author/Editor: Bhattacharya, Rina Series: Working Paper No. 03/137
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 | April 01, 2002 -- Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential
Author/Editor: Nashashibi, Karim A. Series: Working Paper No. 02/67
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 | April 01, 2002 -- Fiscal Revenues in South Mediterranean Arab Countries: Vulnerabilities and Growth Potential
Author/Editor: Nashashibi, Karim A. Series: Working Paper No. 02/67
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 | October 01, 2001 -- Trade in the Mashreq: An Empirical Examination
Author/Editor: Blavy, Rodolphe Series: Working Paper No. 01/163
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 | October 01, 2001 -- Trade in the Mashreq: An Empirical Examination
Author/Editor: Blavy, Rodolphe Series: Working Paper No. 01/163
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 | June 18, 1999 -- Back to the Future: Postwar Reconstruction and Stabilization in Lebanon
Author/Editor: Eken, Sena | Helnling, Thomas Series: Occasional Paper No. 176
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 | August 01, 1998 -- Impact of European Union Association Agreements on Mediterranean Countries
Author/Editor: Ghesquière, Henri C. Series: Working Paper No. 98/116
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 | December 01, 1995 -- Economic Dislocation and Recovery in Lebanon
Author/Editor: Eken, Sena | Cashin, Paul | Erbas, S. Nuri | Martelino, Jose | Mazarei, Adnan Series: Occasional Paper No. 120
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 | October 01, 1994 -- Dollarization in Lebanon
Author/Editor: Mueller, Johannes Series: Working Paper No. 94/129
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 | October 01, 1994 -- Dollarization in Lebanon
Author/Editor: Mueller, Johannes Series: Working Paper No. 94/129
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| Speeches |
 | October 25, 2004 -- Remarks by Rodrigo de Rato, Managing Director, IMF
Keynote Speech, Middle East Technical Assistance Center, Beirut
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 | May 18, 2004 -- Opening Remarks by AgustÃn Carstens, Deputy Managing Director,IMF
At the conference on Fiscal Reforms in the Arab Countries and the Near East, Beirut
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 | December 05, 1998 -- The Benefits and Risks Associated with the Wider Integration of International Financial Markets--Address by Shigemitsu Sugisaki
Given at the Oman International Economic Conference, Muscat
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 | November 16, 1997 -- Statement by Stanley Fischer
Given at the Middle East/North Africa Economic Conference, Doha, Qatar.
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| Statements at Donor Meetings |
 | January 25, 2007 -- Statement by the IMF Representative at the International Donors' Conference for Lebanon
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 | August 31, 2006 -- Statement by the IMF Representative at the International Donors' Conference for Lebanon
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| Transcripts |
 | April 22, 2009 -- Transcript of a Press Conference on the International Monetary Fund's World Economic Outlook
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 | May 22, 2008 -- Transcript of a Press Briefing by David Hawley, Senior Advisor, External Relations Department, International Monetary Fund
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 | April 10, 2007 -- Transcript of a Press Briefing on the IMF's Executive Board Decision on Emergency Post-Conflict Assistance for Lebanon, By Mohsin S. Khan, Director of the Middle East and Central Asia Department
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 | April 06, 2007 -- Transcript of Q and A with Rodrigo de Rato, Managing Director, IMF, At the Annual Conference of the Parliamentary Network of the World Bank, Cape Town, South Africa
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 | July 20, 2006 -- Transcript of a Press Briefing By Masood Ahmed, Director of External Relations Department, IMF
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 | December 12, 2003 -- Transcript of a Press Conference by IMF Deputy Managing Director Agustín Carstens, and Lebanese Minister of Finance Fuad Siniora
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 | September 20, 2003 -- Transcript of the G-24 Press Conference
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 | April 11, 2003 -- Transcript of a Press Conference of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (Group of 24)
The Ministers of the Intergovernmental Group of 24 met today amid very difficult global circumstances, which make the prospects for our own developing countries especially challenging. As is now clear, the World Economic Outlook has weakened substantially since our last meeting in September 2002.
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 | September 27, 2002 -- Transcript of a Press Conference of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development
Ministers expressed concern about the deterioration in the world economy, and noted that risks to the outlook remained on the downside. In particular, there was much concern about the fragility in investor confidence and the decline in the equity markets, which has been due in part to problems in corporate governance in industrial countries.
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| Views & Commentaries |
 | May 19, 2011 -- Middle East and North Africa: Protecting Social Cohesion and Economic Stability, A Commentary by Masood Ahmed, Director, Middle East and Central Asia Department, International Monetary Fund
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