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
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.
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.
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.
Lebanon and The IMF
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
Regional Economic Outlook Update: Middle East & Central Asia
Economic developments in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) continue to reflect the diversity of conditions prevailing across the region. Most high-income oil exporters, primarily in the GCC, continue to record steady growth and solid economic and financial fundamentals, albeit with medium-term challenges that need to be addressed. In contrast, other countries—Iraq, Libya, Syria—are mired in conflicts with not just humanitarian but also economic consequences. And yet other countries, mostly oil importers, are making continued but uneven progress in advancing their economic agenda, often in tandem with political transitions and amidst difficult social conditions. In most of these countries, without extensive economic and structural reforms, economic prospects for the medium term remain insufficient to reduce high unemployment and improve living standards.
Economic activity in the Caucasus and Central Asia (CCA) region is weakening, mainly because of the near-term slowdown and rising regional tensions affecting Russia, a key trading partner and sources of remittance and investment inflows, as well as weaker domestic demand in a number of CCA countries. Near-term risks are to the downside and tied to the fortunes of large trading partners. Policies need to focus on bolstering economic stability and, where needed, short-term support to ailing economic growth. In addition, a new model for high, sustained, diversified, and inclusive growth is needed to set the direction for economic policies for the next decade.