Lebanon Economic Monitoring Note, September 2012
The stalemate between domestic political forces continues to impede reforms while the ongoing Syrian conflict is imposing a security, political, and economic toll on Lebanon. The stalemate in the executive and legislative branches of government rem...
| Main Author: | |
|---|---|
| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/736581468054669841/Lebanon-Economic-monitoring-note http://hdl.handle.net/10986/27076 |
| id |
okr-10986-27076 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-270762021-04-23T14:04:39Z Lebanon Economic Monitoring Note, September 2012 World Bank ACCOUNTING ADMINISTRATIVE CAPACITY ASSETS AUDITING BALANCE SHEET BANKING SYSTEM BANQUE DU LIBAN BASIS POINTS BIDS BILL BILLS BORROWING BUFFER BUSINESS CYCLE BUSINESS ENVIRONMENT CAPITAL GAINS CAPITAL INFLOWS CDS CENTRAL BANK CERTIFICATES OF DEPOSITS CHECKS CIVIL SERVICE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY COMMODITY PRICES COMPETITION POLICIES COMPETITIVENESS CONSUMER PRICE INDEX CREDIT MARKET CREDITORS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT COMPOSITION DEBT LEVEL DEBT MANAGEMENT DEBT RATIO DEBT SERVICE DEBT SWAP DEMAND DEPOSITS DEPOSITORS DEPOSITS DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC INTEREST RATE DOMESTIC MARKETS ECONOMIC ACTIVITY EQUIPMENT EXCHANGE RATE EXCHANGE RATE RISK EXPENDITURE EXPENDITURES EXPOSURE EXTERNAL DEBT FINANCIAL INFLOWS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR INDICATORS FISCAL BALANCE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY RESERVES FOREIGN RESERVES GENERAL EQUILIBRIUM GOVERNMENT PAPERS GOVERNMENT SPENDING GROWTH RATES HOUSEHOLDS HOUSING IMPORT IMPORTS INFLATION INFLATIONARY PRESSURES INFLOW OF CAPITAL INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INTEREST PAYMENTS INTEREST RATE INTEREST RATE PAYMENTS INTEREST RATES INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATES JOB CREATION LARGE CITIES LAWS LIQUIDITY MACROECONOMIC VOLATILITY MATURITIES MATURITY MIGRATION MONETARY POLICY MONEY SUPPLY NATURAL RESOURCES OIL PRICE PENSION PETROLEUM PRICES POLITICAL UNCERTAINTY POVERTY REDUCTION PRICE INCREASE PRIVATE SECTOR CREDIT PRIVATE SECTOR GROWTH PUBLIC DEBT PUBLIC FINANCE PUBLIC INVESTMENTS PUBLIC SPENDING REAL ESTATE RECEIPTS REGIONAL SHOCKS REGISTRATION FEE REGISTRATION FEES REGULATORY AUTHORITY RESERVE RESERVE REQUIREMENTS RESERVES SLOW GROWTH SLOWDOWN SOCIAL DEMANDS SOCIAL SECURITY SOVEREIGN DEBT SOVEREIGN RISK STOCKS STRUCTURAL PROBLEM STRUCTURAL REFORMS SUPPLY CHAIN SURPLUS TAX TAX ON INTEREST INCOME TAX REFORMS TAX SYSTEM TAXATION TERM DEPOSITS TOTAL DEBT TRADE DEFICIT TRADE DEFICITS TRANSPARENCY TRANSPORT TREASURY UNEMPLOYMENT UNIONS UPWARD PRESSURE WEIGHTS The stalemate between domestic political forces continues to impede reforms while the ongoing Syrian conflict is imposing a security, political, and economic toll on Lebanon. The stalemate in the executive and legislative branches of government remains an impediment to reforms. Important bills, regulations and appointments are still pending in cabinet and Parliament. This deadlock could well last until the June 2013 Parliamentary elections. The Syrian crisis is fueling political divide among sectarian lines in Lebanon, leading to sporadic violence incidents across the country. These incidents have materially impacted the economy, with sectors such as tourism strongly affected. Politically, the turmoil has sparked social unrest and overshadowed the reform drive. To tackle the situation, the government devised a minimum political understanding to restore order in the country. Political backing for a large security operation has also been given; results have yet to fully materialize. The fiscal deficit and public debt positions remain major challenges for the Lebanese economy. The fiscal deficit deteriorated somewhat during the first half of the year. Notwithstanding this slight widening of the fiscal balance, public debt continues its recent downward trend. Rising international commodity prices and the Syrian crisis are adding further pressure on both trade and current account deficits. 2017-06-13T15:45:49Z 2017-06-13T15:45:49Z 2012-09 Report http://documents.worldbank.org/curated/en/736581468054669841/Lebanon-Economic-monitoring-note http://hdl.handle.net/10986/27076 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work Middle East and North Africa Lebanon |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADMINISTRATIVE CAPACITY ASSETS AUDITING BALANCE SHEET BANKING SYSTEM BANQUE DU LIBAN BASIS POINTS BIDS BILL BILLS BORROWING BUFFER BUSINESS CYCLE BUSINESS ENVIRONMENT CAPITAL GAINS CAPITAL INFLOWS CDS CENTRAL BANK CERTIFICATES OF DEPOSITS CHECKS CIVIL SERVICE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY COMMODITY PRICES COMPETITION POLICIES COMPETITIVENESS CONSUMER PRICE INDEX CREDIT MARKET CREDITORS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT COMPOSITION DEBT LEVEL DEBT MANAGEMENT DEBT RATIO DEBT SERVICE DEBT SWAP DEMAND DEPOSITS DEPOSITORS DEPOSITS DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC INTEREST RATE DOMESTIC MARKETS ECONOMIC ACTIVITY EQUIPMENT EXCHANGE RATE EXCHANGE RATE RISK EXPENDITURE EXPENDITURES EXPOSURE EXTERNAL DEBT FINANCIAL INFLOWS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR INDICATORS FISCAL BALANCE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY RESERVES FOREIGN RESERVES GENERAL EQUILIBRIUM GOVERNMENT PAPERS GOVERNMENT SPENDING GROWTH RATES HOUSEHOLDS HOUSING IMPORT IMPORTS INFLATION INFLATIONARY PRESSURES INFLOW OF CAPITAL INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INTEREST PAYMENTS INTEREST RATE INTEREST RATE PAYMENTS INTEREST RATES INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATES JOB CREATION LARGE CITIES LAWS LIQUIDITY MACROECONOMIC VOLATILITY MATURITIES MATURITY MIGRATION MONETARY POLICY MONEY SUPPLY NATURAL RESOURCES OIL PRICE PENSION PETROLEUM PRICES POLITICAL UNCERTAINTY POVERTY REDUCTION PRICE INCREASE PRIVATE SECTOR CREDIT PRIVATE SECTOR GROWTH PUBLIC DEBT PUBLIC FINANCE PUBLIC INVESTMENTS PUBLIC SPENDING REAL ESTATE RECEIPTS REGIONAL SHOCKS REGISTRATION FEE REGISTRATION FEES REGULATORY AUTHORITY RESERVE RESERVE REQUIREMENTS RESERVES SLOW GROWTH SLOWDOWN SOCIAL DEMANDS SOCIAL SECURITY SOVEREIGN DEBT SOVEREIGN RISK STOCKS STRUCTURAL PROBLEM STRUCTURAL REFORMS SUPPLY CHAIN SURPLUS TAX TAX ON INTEREST INCOME TAX REFORMS TAX SYSTEM TAXATION TERM DEPOSITS TOTAL DEBT TRADE DEFICIT TRADE DEFICITS TRANSPARENCY TRANSPORT TREASURY UNEMPLOYMENT UNIONS UPWARD PRESSURE WEIGHTS |
| spellingShingle |
ACCOUNTING ADMINISTRATIVE CAPACITY ASSETS AUDITING BALANCE SHEET BANKING SYSTEM BANQUE DU LIBAN BASIS POINTS BIDS BILL BILLS BORROWING BUFFER BUSINESS CYCLE BUSINESS ENVIRONMENT CAPITAL GAINS CAPITAL INFLOWS CDS CENTRAL BANK CERTIFICATES OF DEPOSITS CHECKS CIVIL SERVICE COMMERCIAL BANK COMMERCIAL BANKS COMMODITY COMMODITY PRICES COMPETITION POLICIES COMPETITIVENESS CONSUMER PRICE INDEX CREDIT MARKET CREDITORS CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT CURRENT ACCOUNT DEFICITS DEBT COMPOSITION DEBT LEVEL DEBT MANAGEMENT DEBT RATIO DEBT SERVICE DEBT SWAP DEMAND DEPOSITS DEPOSITORS DEPOSITS DOMESTIC CONSUMPTION DOMESTIC DEMAND DOMESTIC INTEREST RATE DOMESTIC MARKETS ECONOMIC ACTIVITY EQUIPMENT EXCHANGE RATE EXCHANGE RATE RISK EXPENDITURE EXPENDITURES EXPOSURE EXTERNAL DEBT FINANCIAL INFLOWS FINANCIAL MANAGEMENT FINANCIAL SECTOR FINANCIAL SECTOR INDICATORS FISCAL BALANCE FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FOOD PRICE FOOD PRICES FOREIGN ASSETS FOREIGN CURRENCIES FOREIGN CURRENCY FOREIGN CURRENCY RESERVES FOREIGN RESERVES GENERAL EQUILIBRIUM GOVERNMENT PAPERS GOVERNMENT SPENDING GROWTH RATES HOUSEHOLDS HOUSING IMPORT IMPORTS INFLATION INFLATIONARY PRESSURES INFLOW OF CAPITAL INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS INTEREST PAYMENTS INTEREST RATE INTEREST RATE PAYMENTS INTEREST RATES INTERNATIONAL INTEREST INTERNATIONAL INTEREST RATES JOB CREATION LARGE CITIES LAWS LIQUIDITY MACROECONOMIC VOLATILITY MATURITIES MATURITY MIGRATION MONETARY POLICY MONEY SUPPLY NATURAL RESOURCES OIL PRICE PENSION PETROLEUM PRICES POLITICAL UNCERTAINTY POVERTY REDUCTION PRICE INCREASE PRIVATE SECTOR CREDIT PRIVATE SECTOR GROWTH PUBLIC DEBT PUBLIC FINANCE PUBLIC INVESTMENTS PUBLIC SPENDING REAL ESTATE RECEIPTS REGIONAL SHOCKS REGISTRATION FEE REGISTRATION FEES REGULATORY AUTHORITY RESERVE RESERVE REQUIREMENTS RESERVES SLOW GROWTH SLOWDOWN SOCIAL DEMANDS SOCIAL SECURITY SOVEREIGN DEBT SOVEREIGN RISK STOCKS STRUCTURAL PROBLEM STRUCTURAL REFORMS SUPPLY CHAIN SURPLUS TAX TAX ON INTEREST INCOME TAX REFORMS TAX SYSTEM TAXATION TERM DEPOSITS TOTAL DEBT TRADE DEFICIT TRADE DEFICITS TRANSPARENCY TRANSPORT TREASURY UNEMPLOYMENT UNIONS UPWARD PRESSURE WEIGHTS World Bank Lebanon Economic Monitoring Note, September 2012 |
| geographic_facet |
Middle East and North Africa Lebanon |
| description |
The stalemate between domestic political
forces continues to impede reforms while the ongoing Syrian
conflict is imposing a security, political, and economic
toll on Lebanon. The stalemate in the executive and
legislative branches of government remains an impediment to
reforms. Important bills, regulations and appointments are
still pending in cabinet and Parliament. This deadlock could
well last until the June 2013 Parliamentary elections. The
Syrian crisis is fueling political divide among sectarian
lines in Lebanon, leading to sporadic violence incidents
across the country. These incidents have materially impacted
the economy, with sectors such as tourism strongly affected.
Politically, the turmoil has sparked social unrest and
overshadowed the reform drive. To tackle the situation, the
government devised a minimum political understanding to
restore order in the country. Political backing for a large
security operation has also been given; results have yet to
fully materialize. The fiscal deficit and public debt
positions remain major challenges for the Lebanese economy.
The fiscal deficit deteriorated somewhat during the first
half of the year. Notwithstanding this slight widening of
the fiscal balance, public debt continues its recent
downward trend. Rising international commodity prices and
the Syrian crisis are adding further pressure on both trade
and current account deficits. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Lebanon Economic Monitoring Note, September 2012 |
| title_short |
Lebanon Economic Monitoring Note, September 2012 |
| title_full |
Lebanon Economic Monitoring Note, September 2012 |
| title_fullStr |
Lebanon Economic Monitoring Note, September 2012 |
| title_full_unstemmed |
Lebanon Economic Monitoring Note, September 2012 |
| title_sort |
lebanon economic monitoring note, september 2012 |
| publisher |
Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/736581468054669841/Lebanon-Economic-monitoring-note http://hdl.handle.net/10986/27076 |
| _version_ |
1764463404134694912 |