IMF Staff Country Reports

Lebanon: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon

February 9, 2012

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Lebanon: 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon, (USA: International Monetary Fund, 2012) accessed October 10, 2024

Summary

Lebanon is facing a difficult global, regional, and domestic environment simultaneously for the first time in more than a decade. Domestic policies should aim at instilling confidence and tackling key policy challenges, such as preserving macroeconomic stability and paving the way for a more resilient, dynamic, and inclusive economy. The Banque du Liban (BdL) relied on its large foreign reserves build-up during the upswing to intervene forcefully when the Lebanese pound came under pressure from deposit outflows and currency conversions in the wake of the government crisis.

Subject: Bank deposits, Banking, Commercial banks, Currencies, External debt, Financial institutions, Money, Public debt, Revenue administration

Keywords: Authority, Banque du Liban, Commercial banks, CR, Currencies, Deposit inflow, Depositor confidence, Europe, Foreign currency, Global, ISCR, Lebanese authorities, Lebanese pound, Middle East, Public finance management reform, Reform agenda

Publication Details

  • Pages:

    66

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2012/039

  • Stock No:

    1LBNEA2012001

  • ISBN:

    9781463939762

  • ISSN:

    1934-7685