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Lebanon

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

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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

Lebanon: Concluding Statement of the 2015 Article IV Mission

May 14, 2015

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
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Transcript of the MENA and CCA Press Briefing

October 10, 2014

Transcript of the G-24 Press Briefing

October 9, 2014

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Regional Economic Outlook Update: Middle East & Central Asia

image from the publication cover

Middle East, North Africa, Afghanistan, and Pakistan: Oil, Conflicts, and Transitions

A modest recovery is expected to continue in the MENAP despite a slump in oil prices, raging regional conflicts, and lingering uncertainty of the post-Arab Spring transitions.

  • Despite a sharp decline in oil prices, growth in the oil-exporting countries is projected to remain steady at 2.4 percent in 2015, with inflation subdued. Faced with large oil revenue losses, most countries are expected to use accumulated financial buffers and available financing to cushion some of the impact on growth while gradually slowing their fiscal spending, so that they can share the now reduced oil wealth equitably with future generations and rebuild buffers for dealing with oil price volatility. Specific policy announcements would help reduce uncertainty about how medium-term fiscal consolidation plans will be carried out.
  • In the oil-importing countries, growth is expected to strengthen from 3 percent in 2014 to 4 percent in 2015, supported by a gradual recovery in the euro area, improved domestic confidence, and more accommodative fiscal and monetary policies. Lower oil prices are helping, though their impact on near-term growth has been moderated in many countries by incomplete pass-through to retail fuel prices. Consequently, the benefits are mainly in the form of improved fiscal/quasi-fiscal positions and external vulnerabilities rather than stronger growth. Solidifying recent subsidy reforms will help lock in the gains, which can help reduce fiscal and external vulnerabilities where needed and, in other countries, make space for increased growth-enhancing spending.

Although rising, economic growth rates remain too low to make a dent into high unemployment across the region, especially among the youth. Raising economic prospects in a sustainable and inclusive manner suggests the need for multifaceted structural reforms.

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
E-mail: nnakhle@imf.org