Archive for lebanon’s economy
The Economist Intelligence Unit’s Global Microfinance Index ranked Lebanon in 49th place among 54 countries worldwide and in last place among 14 countries in the Middle East and Africa (MENA) in terms of the environment for microfinance, as reported by Lebanon This Week, the economic publication of the Byblos Bank Group. Also, Lebanon came 12th among 14 Upper Middle Income Countries (UMICs) included in the survey.
Lebanon’s economy is booming. But to sustain the current growth spell and translate economic expansion into jobs and broader social gains, the country must strengthen public finances, upgrade its infrastructure, and improve the business environment, say IMF economists.
Lebanon’s economy has largely escaped the impact of the global crisis and performed remarkably well, reflecting a more stable political environment and prudent macroeconomic management, reports Global Arab Network according to the International Monetary Fund (IMF) publication.