Lebanon: Staff Report for the 2006 Article IV Consultation
IMF Staff Country Reports, June 9, 2006
Source details
- Canonical URL
- Lebanon: Staff Report for the 2006 Article IV Consultation
Other formats
Bibliographic details
- Published: June 9, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822694.002
Executive summary and key findings
- Lebanon recovered from the financial shock triggered by Prime Minister Hariri’s assassination.
- Executive Directors supported the strategy of debt reduction through sustained fiscal adjustment.
- The proactive stance of banking sector supervision was welcomed.
- Recommendation to adopt a strong securities regulator with adequate legal protection to enhance the stability of the stock market.
Policy recommendations and structural reforms
- Reduce red tape and corruption to strengthen the environment for private sector activity.
- Reactivate the liberalization and privatization of the telecom sector.
- Strengthen contract enforcement.
- Accelerate structural reforms to support private sector development and financial stability.
Financial sector and market stability
- Support for continued, proactive banking sector supervision as a pillar of financial stability.
- Encourage establishment of a strong securities regulator with adequate legal protection to enhance stock market stability.
Publication and document specifics
- Pages: 60
- Volume: 2006
- Issue: 201
- Series: Country Report No. 2006/201
- DOI: https://doi.org/10.5089/9781451822694.002
- Stock No: 1LBNEA2006002
- ISBN: 9781451822694
- ISSN: 1934-7685
- Publication date on page: June 9, 2006
Source: Lebanon: Staff Report for the 2006 Article IV Consultation (IMF Staff Country Reports).