Lebanon : 2011 Article IV consultation : staff report, public information notice on the Executive Board discussion, and statement by the Executive Director for Lebanon /

Lebanon : 2011 Article IV consultation : staff report, public information notice on the Executive Board discussion, and statement by the Executive Director for Lebanon /

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Bibliographic Details
Imprint:Washington, D.C. : International Monetary Fund, ©2012.
Description:1 online resource (66 pages)
Language:English
Series:IMF country report ; no. 12/39
IMF country report ; no. 12/39.
Subject:
International Monetary Fund -- Lebanon.
International Monetary Fund.
Economic indicators -- Lebanon.
Debts, Public -- Lebanon.
Debts, External -- Lebanon.
Debts, External.
Debts, Public.
Economic history.
Economic indicators.
Economic policy.
Lebanon -- Economic conditions.
Lebanon -- Economic policy.
Lebanon.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12500046
Hidden Bibliographic Details
Varying Form of Title:Lebanon, 2011 Article IV consultation
Other authors / contributors:International Monetary Fund. Middle East and Central Asia Department.
ISBN:9781463952860
1463952864
9781463952877
1463952872
9781463939762
1463939760
9781463939762
Notes:"February 2012."
Includes bibliographical references.
Online resource; title from PDF title page (IMF Web site, viewed February 10, 2012).
Summary:Lebanon is facing a difficult global, regional, and domestic environment simultaneously for the first time in more than a decade. Domestic policies should aim at instilling confidence and tackling key policy challenges, such as preserving macroeconomic stability and paving the way for a more resilient, dynamic, and inclusive economy. The Banque du Liban (BdL) relied on its large foreign reserves build-up during the upswing to intervene forcefully when the Lebanese pound came under pressure from deposit outflows and currency conversions in the wake of the government crisis.
Table of Contents:
  • Cover
  • CONTENTS
  • BACKDROP
  • THE ECONOMIC CONTEXT
  • A. 2011â€?A Lost Year
  • B. Outlook and Risksâ€?Regional Uncertainty Looming Large
  • POLICY THEME #1â€?NAVIGATING UNCERTAINTY AND SAFEGUARDING MACRO STABILITY
  • A. The 2012 Budgetâ€?Supporting Confidence, Growth, and Equity
  • B. Reducing the Governmentâ€?s Reliance on Banque du Liban Financing
  • POLICY THEME #2â€?SECURING SUSTAINED INCLUSIVE GROWTH AND ECONOMIC RESILIENCE
  • A. Launching Structural Reforms and Strengthening Competitiveness
  • B. Reducing Debt and Other Vulnerabilities
  • C. Safeguarding the Banking SectorSTAFF APPRAISAL
  • TABLES
  • 1. Selected Economic Indicators, 2009â€?16
  • 2. Central Government Overall Deficit and Financing, 2009â€?16
  • 3a. Central Government Overall Deficit and Financing, 2009â€?16 (in percent of GDP)
  • 3b. Central Government Overall Deficit and Financing, 2009â€?16 (based on GFSM 2001 Classification)
  • 4. Government Debt, 2009â€?16
  • 5. Monetary Survey, 2009â€?13
  • 6. Balance of Payments, 2009â€?16
  • 7. Selected Economic Indicators, Summary of Baseline and Reform Scenarios, 2009â€?16
  • 8. Central Government Overall Deficit and Financing, 2009â€?16. Reform Scenario9. Banking Sector Financial Soundness Indicators, 2007â€?11
  • 10. Indicators of Financial and External Vulnerability, 2007â€?11
  • FIGURES
  • 1. Market Pressures in Januaryâ€?March 2011
  • 2. Real Estate Sector Developments
  • 3. Lebanonâ€?s Macrofinancial Vulnerabilities
  • 4. Defying Gravity
  • 5. Debt, Infrastructure, and Growth
  • BOXES
  • 1. Policies Since the 2010 Article IV Consultation
  • 2. Lebanonâ€?s Interconnectedness
  • 3. Labor Market
  • 4. Real Exchange Rate Assessment5. Readiness for Basel III
  • ANNEXES
  • 1. Public Debt Sustainability Analysis
  • 2. External Debt Sustainability Analysis
  • CONTENTS
  • ANNEX I. LEBANONâ€?FUND RELATIONS
  • ANNEX II. LEBANONâ€?WORLD BANK-IMF COLLABORATION
  • ANNEX III. LEBANONâ€?STATISTICAL ISSUES

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