Fiscal Year 2027
Capacity Development Activities
Central Bank Operations
Central Bank Foreign Reserve Management (June 30 - July 7)
At the request of the Banque du Liban (BdL), METAC delivered a Technical Assistance (TA) Mission focused on Foreign Reserve Management. The mission advises on the governance framework, paying particular attention to the respective roles of the Board and Investment Committee as well as reviewing essential documents such as the Investment Policy and Guidelines.
Financial Supervision and Regulation
Workshop on Supervisory Review Process (June 8-12)
A five-day field-based workshop strengthened the capacity of Banking Control Commission of Lebanon (BCCL) supervisors to develop and operationalize a risk-based Supervisory Review Process (SRP/SREP) aligned with Basel Framework Pillar 2 principles and international best practices. The workshop focused on strengthening supervisors’ understanding of risk-based supervision and the use of supervisory judgment in translating risk assessments into supervisory actions. Practical discussions and exercises explored how selected SRP/SREP tools and methodologies could be adapted to the Lebanese supervisory environment and support the future development of a more structured risk-based supervisory framework.
Government Finance Statistics and Public Sector Debt Statistics
Government Finance Statistics Mission (July 6-10)
Following the initial mission in June 2025, the authorities have made progress in restoring fiscal reporting and transparency. The Ministry of Finance resumed publication of analytical fiscal reports and restarted submission of GFS to the IMF with 2024 data. This mission supported the authorities’ efforts to eliminate inconsistencies and further align the data with GFSM 2014 principles by focusing on: (i) improving the quality and GFSM 2014 alignment of GFS for the Budgetary Central Government; (ii) addressing key gaps in financing data; and (iii) supporting the resumption and expansion of regular data dissemination.
Public Financial Management
Peer Learning on Digitalization and IFMIS between Lebanon and SOMALIA (July 28-31)
A four-day peer-to-peer exchange between the Ministry of Finance (MoF) of Lebanon and the MoF of Somalia brought together officials to facilitate sharing of experiences, lessons learned, and practical approaches to strengthening public financial management through digital tools and Integrated Financial Management Information Systems (IFMIS).
Real Sector Statistics
Training National Accounts (Mach 16-July 24)
METAC reviewed price changes affecting the 2022–24 GDP estimates. The review focused on how the currency depreciation affected import prices, the consumer price index, and the GDP deflator. The main recommendation was to undertake a partial GDP benchmark update within the next two years.
Revenue Administration
Support the MoF on IT Stabilization (June 22-July 3)
This duty station-based activity supported the Ministry of Finance (MoF) in advancing the implementation of electronic filing services for the remaining off-line tax returns in Lebanon, notably for banking, insurance, and partnerships. The activity provided advice on incorporation of concepts demonstrated during previous activities within the MoF’s existing e-filing platform. Technical constraints were reviewed, including validation-rule issues linked to alphanumeric fields. Guidance was also provided on the governance arrangements, sequencing, and priority actions needed to advance the broader IT stabilization agenda.
Tax Policy
Assessment of the draft Income Tax Law (ITL) (May 15 - June 30)
This desk-based activity assessed key elements of the draft Income Tax Law (ITL) in Lebanon and supported the authorities in its design and implementation through a review of selected provisions of the draft ITL, including the taxation of dividends, interest, capital gains, and corporate income, as well as analysis of the design of the individual income tax schedule.
