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paper explains that Lebanon''s massive debt, which exceeds $35 billion and which is attributed to the substantial expenditure to rectify the damages to the infrastructure caused by the civil war and continued borrowing and spending, is taking away most of the government''s revenues in terms of
debt servicing; however, Lebanon has registered a marked improvement in economic performance. The author points out that the Paris II conference in 2002 committed over $4 billion to Lebanon in the form of soft loans, subject to the condition that Lebanon would implement specific reforms, including privatization. The paper relates that the International Monetary Fund, while commending the improvement of
macroeconomic parameters, has expressed deep concern at the rising debt levels and lack of progress in privatization. Table of Contents Introduction Lebanese Economy and Economic Trends Agreements with IMF Lebanon''s Debt Position
national Income Treasury performance
privatization Recommendations for Improving the Debt Position of Lebanon Rationalization of National Expenditures Improve Macroeconomic Stabilization Free Trade Proceed with Structural Reforms Better Debt Management Improving the Functioning of Finance Sector and Banking Sector Focus on Infrastructure Flexible Exchange Rates Other RecommendationsThis paper explains that Lebanon''s massive debt, which exceeds $35 billion and which is attributed to the substantial expenditure to rectify the damages to the infrastructure caused by the civil war and continued borrowing and spending, is taking away most of the government''s revenues in terms of debt servicing; however, Lebanon has registered a marked improvement in economic performance. The author points out that the Paris II conference in 2002 committed over $4 billion to Lebanon in the form of soft loans, subject to the condition that Lebanon would implement specific reforms, including privatization. The paper relates that the International Monetary Fund, while commending the improvement of macroeconomic parameters, has expressed deep concern at the rising debt levels and lack of progress in privatization. Table of Contents Introduction Lebanese Economy and Economic Trends Agreements with IMF Lebanon''s Debt Position National Income Treasury performance Privatization Recommendations for Improving the Debt Position of Lebanon Rationalization of National Expenditures Improve Macroeconomic Stabilization Free Trade Proceed with Structural Reforms Better Debt Management Improving the Functioning of Finance Sector and Banking Sector Focus on Infrastructure Flexible Exchange Rates Other Recommendations
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More summaries about the lebaneese economics