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
IMF Staff Country Reports, October 8, 2010
Source details
- Canonical URL
- 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
Other formats
Bibliographic details
- Published: October 8, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455208586.002
Economic performance during the global financial crisis
- Lebanon’s economy "performed well during the global financial crisis."
- The positive economic environment provided an opportunity to implement structural reforms to underpin the medium-term fiscal strategy and growth.
- Executive Directors encouraged the authorities to take advantage of the positive environment to implement structural reforms.
Banking sector resilience and underlying factors
- The banking sector "has been resilient in the face of the global crisis."
- Factors cited for resilience:
- "relatively conservative funding and asset structures"
- "prudent banking regulations and supervision"
Fiscal position and public debt concerns
- The report emphasizes "the need to address the high government debt."
- Addressing high government debt is linked to the imperative of implementing growth-enhancing structural reforms.
Policy recommendations and strategic priorities
- Implement growth-enhancing structural reforms to support medium-term fiscal strategy and growth.
- Use the positive economic environment as an opportunity to enact structural reforms (as encouraged by Executive Directors).
Thematic coverage and keywords
- Subject areas: Banking, Commercial banks, Expenditure, External debt, Financial institutions, Fiscal policy, Fiscal stance, Public debt, Public investment and public-private partnerships (PPP).
- Keywords included in the source: Banque du Liban, Commercial banks, CR, deposit dollarization, deposit growth, deposit inflow, Fiscal stance, Global, ISCR, Middle East, Public investment and public-private partnerships (PPP), revaluation tax, staff appraisal.
International Monetary Fund. "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."
Content in this bundle
- Lebanon: 2010 Article IV Consultation--Staff Report; IMF Country Report 10/306; July 14, 2010