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
December 14, 2007
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This 2007 Article IV Consultation highlights that economic developments in Lebanon in 2006 were significantly affected by the July–August conflict with Israel. Real GDP is estimated to have been flat, with strong growth in the first half of the year offset by the disruptions during and after the conflict. Inflation increased, mainly reflecting supply shortages during the conflict and the ensuing blockade. Executive Directors have welcomed the authorities’ success in containing the primary fiscal deficit in the first half of 2007.
Subject: Bank deposits, Banking, Commercial banks, Currencies, Expenditure, External debt, Financial institutions, Money, Public debt
Keywords: capital project, Commercial banks, CR, Currencies, East Africa, Eurobond, financing, Global, government, ISCR, July-August conflict, Lebanese authorities, maturing government paper, Middle East, North Africa, Paris III program
Pages:
70
Volume:
2007
DOI:
Issue:
382
Series:
Country Report No. 2007/382
Stock No:
1LBNEA2007003
ISBN:
9781451943276
ISSN:
1934-7685
