Back to the Future: Postwar Reconstruction and Stabilization in Lebanon

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book Back to the Future: Postwar Reconstruction and Stabilization in Lebanon by Thomas Mr. Helbling, Sena Ms. Eken, INTERNATIONAL MONETARY FUND
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Author: Thomas Mr. Helbling, Sena Ms. Eken ISBN: 9781452759067
Publisher: INTERNATIONAL MONETARY FUND Publication: June 18, 1999
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Thomas Mr. Helbling, Sena Ms. Eken
ISBN: 9781452759067
Publisher: INTERNATIONAL MONETARY FUND
Publication: June 18, 1999
Imprint: INTERNATIONAL MONETARY FUND
Language: English

Following the 15-year civil war that started in 1975, Lebanon's government began the difficult task of economic stabilization and confidence building, on the one hand, and postwar reconstruction and development, on the other. The government led the reconstruction effort by formulating programs that aimed to rapidly rehabilitate the country's severly damaged infrastructure in preparation for private-sector-led growth over the medium term. At the same time, Lebanon introduced an exchange-rate-based nominal anchor policy to stabilize expectations and cut inflation. This paper analyzes the government's progress with the policies adopted.

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Following the 15-year civil war that started in 1975, Lebanon's government began the difficult task of economic stabilization and confidence building, on the one hand, and postwar reconstruction and development, on the other. The government led the reconstruction effort by formulating programs that aimed to rapidly rehabilitate the country's severly damaged infrastructure in preparation for private-sector-led growth over the medium term. At the same time, Lebanon introduced an exchange-rate-based nominal anchor policy to stabilize expectations and cut inflation. This paper analyzes the government's progress with the policies adopted.

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