Lebanon: Report on Performance Under the Program Supported by Emergency Post-Conflict Assistance

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 371

Publication date: November 2007

ISBN: 9781451822724

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Public Finance , ISCR , CR , Banque du Liban , deposit , June , financing , donor disbursement , foreign currency , June operation , deposit growth , end-June target , holdings of Eurobond , government net , Auditing , Budget planning and preparation , Global

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Summary

This report on Lebanon’s Performance Under the Program Supported by Emergency Post-Conflict Assistance analyzes the economic situation and financial system. The economic situation continues to be overshadowed by the political stalemate and episodes of violence. The recent turbulence in international financial markets has not had a significant impact on Lebanon. It is important to restore promptly the revenue source, which constitutes a key measure in the authorities’ fiscal adjustment strategy. The ongoing work by the new cash management unit to establish a cash flow plan is encouraging.