IDEAS home Printed from https://ideas.repec.org/p/euf/ecobri/046.html
   My bibliography  Save this paper

Can Lebanon Defy Gravity Forever?

Author

Listed:
  • Uwe Böwer

Abstract

Lebanon’s new government was finally agreed in January 2019, after an almost 9-month deadlock over political representation.As much of the reform momentum stemming from an international investors’ conference in April 2018 has faded, the government is now facing the challenge to reinvigorate the reform agenda and make credible steps towards fiscal consolidation. While Lebanon has long been able to maintain a surprising level of resilience amidst high economic volatility and a tumultuous geopolitical environment, the pressure has been rising to tackle the large twin deficits, the very high level of public debt, and the protracted lack of competitiveness. As life-sustaining financial inflows have slowed down, Lebanon’s past business model has come under scrutiny. Substantial fiscal consolidation and a credible plan for growth-enhancing structural and governance reforms would play an important role in rebuilding investors’ confidence and pave the way for an economic recovery built on a solid foundation. Length: 20 pages

Suggested Citation

  • Uwe Böwer, 2019. "Can Lebanon Defy Gravity Forever?," European Economy - Economic Briefs 046, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:ecobri:046
    as

    Download full text from publisher

    File URL: https://ec.europa.eu/info/sites/info/files/economy-finance/eb046_en.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mr. Sebastian Acevedo Mejia & Lu Han & Miss Marie S Kim & Ms. Nicole Laframboise, 2016. "Flying to Paradise: The Role of Airlift in the Caribbean Tourism Industry," IMF Working Papers 2016/033, International Monetary Fund.
    2. International Monetary Fund, 2018. "Mexico: 2018 Article IV Consultation-Press Release; Staff Report; and Staff Statement," IMF Staff Country Reports 2018/307, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Shirai, Sayuri, 2019. "Money and Central Bank Digital Currency," ADBI Working Papers 922, Asian Development Bank Institute.
    2. Cevik Serhan & Ghazanchyan Manuk, 2021. "Perfect Storm: Climate Change and Tourism," Journal of Globalization and Development, De Gruyter, vol. 12(1), pages 47-61, June.
    3. International Monetary Fund, 2017. "Panama: Selected Issues," IMF Staff Country Reports 2017/106, International Monetary Fund.
    4. Serhan Cevik, 2022. "Where should we go? Internet searches and tourist arrivals," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(4), pages 4048-4057, October.
    5. International Monetary Fund, 2016. "Barbados: Selected Issues," IMF Staff Country Reports 2016/280, International Monetary Fund.
    6. Mr. Manuk Ghazanchyan & Li Zhao & Steve Brito & Vivian Parlak, 2019. "New Insights into ECCU's Tourism Sector Competitiveness," IMF Working Papers 2019/154, International Monetary Fund.
    7. Ms. Kimberly Beaton & Metodij Hadzi-Vaskov, 2017. "Panama’s Growth Prospects: Determinants and Sectoral Perspectives," IMF Working Papers 2017/150, International Monetary Fund.

    More about this item

    Keywords

    Lebanon; fiscal sustainability; external rebalancing; financial stability; growth; public sector governance; Böwer.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • F31 - International Economics - - International Finance - - - Foreign Exchange

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:euf:ecobri:046. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ECFIN INFO (email available below). General contact details of provider: https://edirc.repec.org/data/dg2ecbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.