Lebanon: Report on Interim Staff Visit

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 313

Publication date: September 2004

ISBN: 9781451822663

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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.

Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , debt , net , deposit , asset , financing , Lebanese pound , central bank , debt exchange , net financing , financial support , return on equity , debt cancellation , asset diversification , Commercial banks , Currencies , Bank deposits , Global

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Summary

This Report on the Interim IMF Staff Visit to Lebanon provides information on economic and policy developments since the Article IV discussions of February–March 2004. It updates the IMF staff’s projections, medium-term framework, and related Debt Sustainability Analysis. All available indicators point to a significant acceleration in growth, which is projected to reach 5 percent in 2004. Strong export and tourism receipts and a recovery in construction activity are the driving factors behind the strengthening recovery. A modest acceleration of inflation to about 3 percent is expected in 2004.