European Parliament Library

Lebanon :, 2009 Article IV Consultation and Assessment of Performance Under the Program Supported by Emergency Post-Conflict Assistance: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Lebanon

Abstract
The Lebanese financial system has so far weathered the global financial crisis. The 2009 Article IV Consultation highlights that deposit inflows decelerated briefly in the aftermath of the Lehman Brothers bankruptcy, but have resumed at a rapid pace since then. Executive Directors have welcomed the remarkable resilience of the Lebanese economy in the face of the global financial crisis. Directors have also supported the authorities’ monetary policy aimed at safeguarding the exchange rate peg and facilitating a further buildup of international reserves
Table Of Contents
Cover; Contents; Executive Summary; I. Introduction; II. Navigating the Crisis; III. Authorities' Policies for 2009; A. Maintaining a Strong Reserve Buffer in Times of Uncertainty; B. Containing the Government's Financing Needs and Reducing Debt; C. Strengthening the Banking Sector; IV. Medium-Term Plans to Tackle Vulnerabilities; V. Other Issues; VI. Staff Appraisal; Boxes; 1. Performance Under EPCA and Implementation of Past Fund Advice; 2. The Lebanese Banking Sector in the Face of the Global Crisis; 3. Remittances in Lebanon; 4. Lebanon and the GCC; 5. Deposit Growth
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (55 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781462377626

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