World Bank2015-05-212015-05-212014-11https://hdl.handle.net/10986/21969A new domestic political stalemate has developed while spillovers from the Syrian conflict further exacerbated. A mid-year lull in the security situation gave a temporary boost to consumer and investor sentiment. Lebanon’s current account deficit remains elevated, albeit lower than during the pre-crisis period. Lebanon’s fiscal position continues to deteriorate. Banque du Liban maintained an expansionary monetary stance to support the economy, while sustaining confidence in the Lebanese pound. Conservatism in financial regulations and private sector banking helped maintain a well-capitalized and resilient domestic banking sector, despite sluggish growth and downgrades by international rating agencies. The expanding political stalemate at home and regional spillovers pose significant downside risk to growth. 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.en-USCC BY 3.0 IGOLIVING STANDARDSFUNDING SOURCEMONETARY POLICYRISKSFINANCIAL SERVICESDEPOSITPOVERTY LINEDEPOSITSPEOPLEPROTECTION POLICIESSKILLED WORKERSFINANCINGVILLAGEINFORMATION SYSTEMINCOMEINTERESTLOAN-TO-DEPOSIT RATIOEMPLOYMENT OPPORTUNITIESINTEREST RATEECONOMIC DEVELOPMENTSSOCIAL SAFETY NETPUBLIC SERVICESINEQUALITIESPOLITICAL ECONOMYEXCLUSIONREVENUESBANK DEPOSITFISCAL POLICYLIQUIDITY RISKWELFARELOANFEESUBSIDYMEANS TESTSSOCIAL PROGRAMSPAYMENTSSOCIAL ASSISTANCELABOR MARKET POLICIESBENEFICIARIESCONFLICTMEASURESSAFETY NETSPOVERTY REDUCTIONEXPATRIATESECONOMIC ACTIVITYLABOR MARKETSAVINGSINCIDENCE ANALYSISJOB OPPORTUNITIESCURRENT ACCOUNTCAPITAL FORMATIONVULNERABLE HOUSEHOLDSFOREIGN CURRENCIESSCHOLARSHIPSINTEREST RATESTRANSFERSJOB LOSSDEBTPRIVATE INVESTMENTDEVELOPMENT CENTERSSOCIAL SECURITYSOCIAL PROTECTIONVENTURE CAPITALLOANSENTERPRISESCASH BENEFITSHOSPITAL SERVICESPRICE SUBSIDIESELIGIBLE BENEFICIARIESSOCIAL DEVELOPMENTCASH TRANSFERSSUBSIDIESREAL ESTATEFINANCEFOREIGN CURRENCYVOUCHERINTERNATIONAL AIDCONSUMER CONFIDENCEFISCAL DEFICITBANKSEXPENDITUREUNIVERSAL SUBSIDIESUNEMPLOYMENTEQUITYGRANTSOCIAL SAFETY NETSHEALTH BENEFITSHUMAN CAPITALSSNSOCIAL SPENDINGBENEFIT LEVELSINTEREST PAYMENTSFOOD SECURITYCAPITALSOCIAL SERVICESFEE WAIVERSSCHOOL ATTENDANCEBANKFOOD ASSISTANCECREDITFIXED CAPITALTREASURY BILLSDISABLED PERSONSSAFETY NETURBAN AREASHOUSEHOLDEXPENDITURESSOCIAL ACTIONREFUGEEPROPERTIESJOB CREATIONMALNUTRITIONMEANS TESTINGREFUGEESVOUCHERSBALANCE SHEETNUTRITIONPUBLIC WORKSVULNERABLE PEOPLEDIVERSIFICATIONSKILLED LABORPROFITABILITYCREDIT RISKINSURANCEFOOD INSECURITYTARGETINGPUBLIC RESOURCESSECURITYBUSINESS ACTIVITYFINANCIAL MARKETINVESTMENTEXTREME POVERTYCOMMERCIAL BANKSHOUSEHOLDSPOVERTYFINANCIAL MARKETSTARIFFCONDITIONAL CASHREVENUELABOR SUPPLYPUBLIC SCHOOLSSTUDENTSINVESTMENTSCAPITAL FLOWPOOREXCHANGE RATEFOOD VOUCHERSFAMILIESRISK AVERSIONOUTREACHSHOCKBUDGETARY ALLOCATIONLABOR MARKETSPUBLIC SERVICEJOBLESSSOCIAL WORKERSUNSKILLED LABORPRICE SUBSIDYGROUPS OF PEOPLESTART-UPSDISABLEDGOVERNMENT INTERVENTIONINEQUALITYReportWorld Bank10.1596/21969