Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion
IMF Staff Country Reports, November 25, 2008
Source details
- Canonical URL
- Lebanon: Use of Fund Resources: Request for Emergency Post-Conflict Assistance: Staff Report; and Press Release on the Executive Board Discussion
Other formats
Bibliographic details
- Published: November 25, 2008
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451822748.002
Request and access
- 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.
- Publication date: November 25, 2008
Context and background
- 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.
- The global financial crisis had little effect on Lebanon, according to the report.
Macroeconomic conditions and inflation
- Macroeconomic conditions have improved.
- Fuel and food prices have boosted inflation.
Financial markets and reserves
- Financial market developments have been favorable, despite the global financial crisis.
- International reserves and other balance-sheet indicators are listed among subjects of the report.
Subjects and keywords (as listed)
- Subjects: Central banks, Commercial banks, Currencies, External debt, Fiscal policy, Fiscal stance, International reserves, Money, Public debt
- Keywords: amount, authorities' economic policy, CR, Currencies, Emergency Post-Conflict Assistance, Fiscal stance, foreign currency, Global, government debt-to-GDP ratio, IMF's support, International reserves, ISCR, Middle East, policy, policy commitment