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Back to the Future: Postwar Reconstruction and Stabilization in Lebanon

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  • Thomas Helbling
  • Sena Eken
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    Abstract

    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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    Bibliographic Info

    Paper provided by International Monetary Fund in its series IMF Occasional Papers with number 176.

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    Length: 111
    Date of creation: 18 Jun 1999
    Date of revision:
    Handle: RePEc:imf:imfocp:176

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    Cited by:
    1. Samer Saab, 2005. "Is Lebanon’s Debt Sustainable? A Closer Look at Lebanon’s Debt Dynamics," Public Economics 0505006, EconWPA.
    2. Harvie, Charles & Pahlavani, Mosayeb & Saleh, Ali Salman, 2006. "Identifying Structural Breaks in the Lebanese Economy 1970-2003: An Application of the Zivot and Andrews Test," Economics Working Papers wp06-02, School of Economics, University of Wollongong, NSW, Australia.
    3. Axel Schimmelpfennig & E. H. Gardner, 2008. "Lebanon-Weathering the Perfect Storms," IMF Working Papers 08/17, International Monetary Fund.

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