Friday 09, May 2014 by Robin Amlôt

Last two years 'exceptionally challenging' for Lebanon, says IMF

In its latest report on Lebanon, the International Monetary Fund (IMF) said, “The last two years have been exceptionally challenging for Lebanon. The Syria crisis has created unprecedented inflows of refugees, now estimated at about a quarter of the population. Security has been severely affected and local communities have been strained. Given the political impasse, the lack of reforms has amplified the macroeconomic imbalances. The fiscal position, in particular, has worsened, with adverse consequences for public debt. 2014 has come at a delicate juncture, with upcoming presidential and parliamentary elections. It is therefore important to urgently strengthen policies and make progress on key structural reforms.”

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