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Back to the Future: Postwar Reconstruction and Stabilization in Lebanon

Author

Listed:
  • Mr. Thomas Helbling
  • Ms. Sena Eken

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.

Suggested Citation

  • Mr. Thomas Helbling & Ms. Sena Eken, 1999. "Back to the Future: Postwar Reconstruction and Stabilization in Lebanon," IMF Occasional Papers 1999/005, International Monetary Fund.
    • Handle: RePEc:imf:imfops:1999/005
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    Citations

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    Cited by:

    1. Buffie, Edward F., 2009. "Public sector layoffs, severance pay, and inflation in the small open economy," Journal of International Money and Finance, Elsevier, vol. 28(6), pages 987-1005, October.
    2. Mr. Axel Schimmelpfennig & Mr. E. H. Gardner, 2008. "Lebanon—Weathering the Perfect Storms," IMF Working Papers 2008/017, International Monetary Fund.
    3. Layal MansourIshrakieh & Leila Dagher & Sadika El Hariri, 2020. "A financial stress index for a highly dollarized developing country : The case of Lebanon," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 20(2), pages 43-52.
    4. Miss Randa Sab, 2014. "Economic Impact of Selected Conflicts in the Middle East: What Can We Learn from the Past?," IMF Working Papers 2014/100, International Monetary Fund.
    5. Samer Saab, 2005. "Is Lebanon’s Debt Sustainable? A Closer Look at Lebanon’s Debt Dynamics," Public Economics 0505006, University Library of Munich, Germany.
    6. Ghassan Dibeh, 2005. "The Political Economy of Postwar Reconstruction in Lebanon," WIDER Working Paper Series RP2005-44, World Institute for Development Economic Research (UNU-WIDER).
    7. Mr. Harald Finger & Mr. Heiko Hesse, 2009. "Lebanon-Determinants of Commercial Bank Deposits in a Regional Financial Center," IMF Working Papers 2009/195, International Monetary Fund.
    8. Ghassan Dibeh, 2008. "The business cycle in postwar Lebanon," Journal of International Development, John Wiley & Sons, Ltd., vol. 20(2), pages 145-160.

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