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Baalbek, Lebanon

Lebanon Local Office Site

IMF Local Office in Lebanon

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Lebanon and the IMF. Additional information can be found on Lebanon and IMF country page, including official IMF reports and Executive Board documents in English that deal with Lebanon.

News — Highlights


From resilience to inaction; Lebanon must fight for a better future

by Annalisa Fedelino; December 5, 2014 click for more

IMF calls for strong domestic policies to face external challenges

An Interview with Najla Nakhle- Economist- Head of Local Office in Beirut published by the Daily Star on February 18, 2013. click for more

Lebanon: Real GDP Growth Analysis, 1997-2010

Based on the recently published official national accounts for 1997-2010, this paper presents an update about the main contributors to Lebanon’s real GDP growth, decomposes value-added by sector and demand components, discusses disposable income, and provides a regional comparison of GDP performance. It follows two notes published in July 2010 and March 2011. click for more

Middle East Economies Post Divergent Performance

The economic outlook for the Middle East and North Africa region is mixed. Most of the region’s oil-exporting countries are growing at healthy rates while the oil importers face subdued economic prospects, the IMF says in its latest assessment. click for more

Mideast Countries See Opportunity Amid Unrest

Recent uprisings in the Middle East and North Africa provide an opportunity for the region to lay the foundation for a socially inclusive growth agenda, but in the near term, oil-importing countries face multiple pressures stemming from higher crude prices and disruptions to economic activity, the IMF said in its latest assessment of the region. click for more

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Lebanon and The IMF

Press Release: Statement by IMF Director Masood Ahmed at the Conclusion of a Visit to Lebanon

December 12, 2014

Designing a Fiscal Framework for a Prospective Commodity Producer: Options for Lebanon

October 23, 2014
Author/Editor: Mariusz Jarmuzek ; Diego Mesa Puyo ; Najla Nakhle
Series: Working Paper No. 14/193
 click for more

Transcript of the MENA and CCA Press Briefing

October 10, 2014

Transcript of the G-24 Press Briefing

October 9, 2014

Statement by the Hon. Ali Hassan Khalil, Governor of the World Bank Group for Lebanon, on behalf of the Arab Governors

October 8, 2014
PDF File Size: 174Kb click for more

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Learning to Live With Cheaper Oil Amid Weaker Demand

A large and possibly persistent decline in oil prices, and slower-than-projected growth in the euro area, China, Japan, and Russia, have substantially altered the economic context for countries in the Middle East and Central Asia. The appropriate policy response will depend on whether a country is an oil exporter or importer. A common theme, however, is that these developments present both an opportunity and an impetus to reform energy subsidies and step up structural reform efforts to support jobs and growth.

Lower oil prices have weakened the external and fiscal balances of oil exporters, including members of the Gulf Cooperation Council (GCC). Large buffers and available financing should allow most oil exporters to avoid sharp cuts in government spending, limiting the impact on near-term growth and financial stability. Oil exporters should prudently treat the oil price decline as largely permanent and adjust their medium-term fiscal consolidation plans so as to prevent major erosion of their buffers and to ensure intergenerational equity.

Gains from lower oil prices provide much-needed breathing space for oil importers but will be offset by a concurrent decline in external demand, particularly from Russia, but also from the euro area and China. Russia's sharp slowdown and currency depreciation have weakened the outlook for the Caucasus and Central Asia (CCA) because of strong linkages through trade, remittances, and foreign direct investment, suggesting the need for greater exchange rate flexibility and near-term fiscal easing where financing allows, along with stepped-up reform efforts.

IMF Local Office in Lebanon

Head of Office: Najla Nakhle
Bourie Building, Abdullah Beyhum Street
Downtown - Beirut Central District
Beirut 2012-6903, Lebanon
Tel: +961-1-972-480 ext. 285
Fax: +961-1-972-429