IMF Staff Country Reports

Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion

Publication Date:

November 25, 2008

Electronic Access:

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Summary:

The Lebanese authorities have requested follow-up Emergency Post-Conflict Assistance with an access of 12.5 percent of quota to support their economic program. The 2006 war with Israel led to a political stalemate and repeated outbreaks of domestic fighting until the formation of a national unity government in July 2008. Macroeconomic conditions have improved, but fuel and food prices have boosted inflation. Financial market developments have been favorable, despite the global financial crisis, which has had little effect on Lebanon.

Series:

Country Report No. 2008/363

Subject:

Central banks Commercial banks Currencies External debt Fiscal policy Fiscal stance International reserves Money Public debt