World Bank2016-07-122016-07-122016-07https://hdl.handle.net/10986/24660The geo-economy presents Lebanon with challenges associated with being a nexus for regional fault lines and risks from its dependence on capital inflows. Despite markedly improved security conditions since the start of 2015, anxiety over regional turmoil and potential spillover effectspersist. All the while, Lebanon continues to be, by far, the largest host of Syrian refugees (in proportion to the population). In addition, the economy’s dependence on its diaspora to finance internal and external imbalances exposes Lebanon to economic and political conditions beyond its influence. Despite these challenges and risks, the political process remains impaired with the vacant presidency completing its second year with uncertain prospects of a near-term resolution. On the other hand, a short-term solution has been found to the garbage crisis that has left piles of trash uncollected on the streets across the country since summer 2015. The Lebanon Economic Monitor provides an update on key economic developments and policies over the past six months. It also presents findings from recent World Bank work on Lebanon. It places them in a longer-term and global context, and assesses the implications of these developments and other changes in policy on the outlook for Lebanon. Its coverage ranges from the macro-economy to financial markets to indicators of human welfare and development.en-USCC BY 3.0 IGOTAX INCENTIVESTARIFFSFUNDING SOURCEPHYSICAL CAPITALMONETARY POLICYDEPOSITFINANCIAL SERVICESECONOMIC GROWTHLAND ISSUESFACILITATIONDEPOSITSPEOPLETAX EXEMPTIONPROPERTY TAXENVIRONMENTAL DEGRADATIONFINANCINGBRIBESMINIMUM WAGEINTERESTEXPECTATIONSENROLLMENTGOVERNMENT FUNDINGPRODUCERSINTEREST RATEFINANCIAL BURDENSSTOCK MARKETECONOMIC DEVELOPMENTSBANKING SYSTEMBALANCE OF PAYMENTSFINANCIAL RESOURCESENTREPRENEURSEMISSIONSPOLITICAL ECONOMYREVENUESFISCAL POLICYWELFAREINCENTIVESLOANMODELSBORROWERSSUBSIDYCORRUPTIONPAYMENTSNEW BUSINESSECONOMIC ANALYSISDEVELOPED COUNTRIESEXPATRIATESECONOMIC ACTIVITYEMPIRICAL ANALYSISLABOR MARKETOIL PRICESEXPLOITATIONSTART-UPOILCOMMERCIAL BANKUNIONCURRENT ACCOUNTCAPITAL FORMATIONFINANCESINTEREST RATESDEBT OUTSTANDINGEXTERNALITIESQUOTASPAYMENTDEBTFINANCING NEEDSPUBLIC FINANCEPOLLUTIONSOCIAL SECURITYBENEFIT ANALYSISVENTURE CAPITALECONOMIC REFORMSLOANSENTERPRISESMETALSSUBSIDIESREAL ESTATECONSULTING SERVICESFINANCEFOREIGN CURRENCYPUBLIC INVESTMENTCONSUMER CONFIDENCETAXESLAND USEINVESTMENT DECISIONSBANKSFISCAL DEFICITRESOURCESUNEMPLOYMENTDEPOSITORSGRANTDEREGULATIONEQUITYPRODUCTIVITY GROWTHCONSUMPTIONHUMAN CAPITALFEDERAL RESERVEINTEREST PAYMENTSECONOMIC IMPACTCAPITALINSTALLMENTEDUCATION LEVELSFAMILYFINANCIAL CAPITALACCESS TO FINANCEPOLICY MAKERSBANKHOUSING LOANCREDITFIXED CAPITALTREASURY BILLSPURCHASING POWERDEMANDCPIFAMILY INCOMESUSTAINABLE GROWTHHOUSEHOLDAGRICULTURAL SECTORREPAYMENTENVIRONMENTSEXPENDITURESENTERPRISEPROPERTYREFUGEEDECISION MAKINGCORPORATE TAXESGUARANTORTAX RATESJOB CREATIONEMPLOYMENT GROWTHREFUGEESBALANCE SHEETENVIRONMENTDIVERSIFICATIONECONOMICSPROFITABILITYCREDIT RISKECONOMIC DEVELOPMENTTRADELANDFIXED ASSETSSECURITYBANK LOANSINVESTMENTCOMMERCIAL BANKSHOUSEHOLDSCOMPARATIVE ADVANTAGEPOSITIVE EXTERNALITIESKEY BENEFITBALANCE SHEETSPUBLIC FINANCESFINANCIAL MARKETSCOOPERATIONGLOBAL INTERESTEXTERNAL SHOCKSREVENUEPRIVATE INVESTMENTSPRIVATE CONSUMPTIONEARNINGSHIGH UNEMPLOYMENTWAREHOUSESINVESTMENTSFEESEXCHANGE RATEFAMILIESACCELERATORREMITTANCESPROFITSPOLICY INSTRUMENTSCAPITAL INVESTMENTENVIRONMENTALLABOR MARKETSARREARSSMALL BUSINESSESPRICESGUARANTEENEGATIVE EXTERNALITIESECONOMIC CONDITIONSECONOMIESSTART-UPSCOMPETITIONEMPLOYEESReportWorld Bank10.1596/24660