IMF Staff Country Reports

Lebanon : Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance

Author/Editor:

International Monetary Fund

Publication Date:

November 10, 2009

Electronic Access:

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Summary:

This report assesses performance of Lebanon Under the Program Supported by Emergency Post-Conflict Assistance (EPCA). The performance has remained broadly favorable, though there has been limited progress on structural reforms. The end-June quantitative target on international reserves was met by a wide margin. Although the primary balance target was also met, the program ceiling on net government financing by the Banque du Liban (BdL) was missed. The BdL has adopted formal policies for the selection, appointment, and rotation of the BdL’s external auditors.

Series:

Country Report No. 09/313

Subject:

Banking sector Central bank policy Economic growth Economic indicators Fiscal consolidation Fiscal policy Interest rate reductions Political economy Post-conflict emergency assistance Tax revenues