Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion
May 18, 2007
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This report reviews the Emergency Post-Conflict Assistance (EPCA) given to Lebanon after the conflict with Israel in 2006. The five-week conflict with Israel in 2006 and the month-long blockade that followed inflicted a heavy human and economic toll on Lebanon. EPCA would provide an appropriate transition to 2008, when fiscal adjustment is envisaged to commence. The authorities intend to seek IMF support through a Stand-By Arrangement (SBA), following satisfactory implementation of the EPCA program and after the immediate impact of the conflict has been addressed and the current political stalemate resolved.
Subject: Commercial banks, Currencies, Expenditure, Financial institutions, Government debt management, Money, Public debt, Public financial management (PFM)
Keywords: Banque du Liban, Commercial banks, CR, Currencies, debt, debt reduction objective, Emergency Post-Conflict Assistance, Global, Government debt management, IMF's support, ISCR, Middle East, net, objectives of the IMF, private sector, reform program
Pages:
82
Volume:
2007
DOI:
Issue:
177
Series:
Country Report No. 2007/177
Stock No:
1LBNEA2007001
ISBN:
9781451822717
ISSN:
1934-7685
