Front Matter

Front Matter

Thomas Helbling, and Sena Eken
Published Date:
June 1999
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Back to the Future Postwar Reconstruction and Stabilization in Lebanon

Edited by Sena Eken and Thomas Helbling


Washington DC

June 1999

© 1999 International Monetary Fund

Production: IMF Graphics Section

Figures: In-Ok Yoon

Typesetting: Julio R. Prego

Cataloging-in-Publication Data

Back to the future : postwar reconstruction and stabilization in Lebanon/edited by Sena Eken and Thomas Helbling.—Washington, D, C.: International Monetary Fund, 1999.

p. cm.—(Occasional paper, ISSN 0251-6365; no. 176)

Includes bibliographical references.

ISBN 1-55775-784-4

1. Reconstruction—Lebanon. 2. Economic stabilization—Lebanon. 3. Finance, Public—Lebanon. 4. Fiscal policy—Lebanon. 5. Interest rates—Lebanon. 6. Debts, Public—Lebanon. 7. European Union—Lebanon. 8. Lebanon–Economic policy. 9. Lebanon–Economic conditions—Statistics. I. Eken, Sena. II. Helbling, Thomas. III. International Monetary Fund. IV. Occasional paper (International Monetary Fund);

no. 176.

HC415.24.B22 1999

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The following symbols have been used throughout this paper:

  • … to indicate that data are not available;
  • n.a. to indicate not applicable;
  • —to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
  • – between years or months (e.g., 1994–95 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
  • / between years (e.g., 1994/95) to indicate a crop or fiscal (financial) year.

“Billion” means a thousand million.

Minor discrepancies between constituent figures and totals are due to rounding.

The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.


In this Occasional Paper, the progress of Lebanon’s postwar reconstruction and stabilization efforts in the last five to six years are examined. The studies were prepared in conjunction with the 1997 Article IV consultation with Lebanon. They were updated in the fall of 1998 to take into account developments in the first half of the year, reflecting data and developments through June 1998.

The authors are grateful to the Lebanese authorities for their cooperation. His Excellency, Dr. Nasser Saidi, the Vice Governor of the Central Bank of Lebanon when the Occasional Paper was prepared and now Minister of Economy, Trade, and Industry, took a special interest in this project, and his comments and support are greatly appreciated. The authors would also like to thank Paul Chabrier and Mohamed El-Erian for their encouragement, Cyrus Sassanpour for valuable comments, Margaret Boesch, Deborah Chungu, Barbara Lissenburg, and Eleanor Wood for secretarial assistance, and Juanita Roushdy of the External Relations Department for editing the manuscript and coordinating publication.

The views expressed here, as well as any errors, are solely the responsibility of the authors and do not necessarily reflect the opinions of the Lebanese authorities, the IMF, or its Executive Directors.

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