Lebanon 

METAC’s resources are available to (i) identify and design measures to strengthen specific aspects of economic and financial management; (ii) prepare detailed implementation plans based on the diagnostic work conducted by IMF-Headquarters; (iii) provide policy and technical advice either by the Center’s resident advisers or by experts from the IMF roster; (iv) organize hands-on training, seminars, workshops to allow for peer-to-peer learning and disseminate good practices; (v) review proposals by governments for consistency with internationally agreed standards, and (vi) coordinate activities with other technical assistance providers.

The protracted conflict in Syria and refugee inflows continue to place pressures on the Lebanese economy. With the election of a new president and the formation of a new government in fiscal year 2017, the authorities have taken several actions to improve the economy and restore market confidence. In this context, METAC’s assistance focuses on strengthening VAT compliance, developing a framework to manage fiscal risks, continuing to strengthen banking supervisory capacities, and improving national account statistics.