Lebanon - Current economic position and prospects

/g )3-./?3 DOCUMENT OF INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION Not For PubLic Use FILE COPY Report No. 162a-LE CURRENT ECONOMIC POSITION AND PROSPECTS OF LEBANON July 25, 1973 Europe, Middle East and North Africa Region This report was prepared for official use only by the Bank Group. It may not be pubhshed, quoted or cited without Bank Group authonzation. The Bank Group does not accept responsibilhty for the accuracy or completeness of the report  CURRENCY EQUIVALENTS - Currency Unit - Lebanese Pound (L.L.) Monthly Average 1970 US$1 = L.L. 3.27 L.L. 1 = US$ 0.306 1971 US$1 - L.L. 3.23 L.L. 1 - US$ 0.310 1972 US$1 a L.L. 3.03 L.L. 1 = US$ 0.33 1/ The Lebanese Pound is a freely fluctuating currency.  TABLE OF CONTENTS Page No. JAP ( IBRD-10364) BASIC DATA SUNUXUARY 2VND CONCLUSIONS ... . G.....,...., - iil -to I14TRtODI)TON *v.,.................oe. ....,...... ... 1 II. ECONOMIC STURCTURE AND GROIITII ...,..... ...........G. 2 III. DEVELOPMENT AND PLANNING ...................,..... 5 TV. THE BAIANCE OF PAYMENTS ............... 7 V. PIUBLIC FINANCE 10..........0000000000000000.900,...e@ 10 VI. M,G0NEY CREDIT AND PRICES .....................O*e..... 14 VII. PROSPECTS .............. 0 S S @ 0 1S Annex - 'Iajor Economic Sectors Statistical Appendix This report Is based on the findings of ar. economic mission which visited Leibanon in October 1972. The mission was composed of Messrs. F.A. Atabani (Chief), F.L. Laporte and I. Cleaday (General Economists) .  IBRD 10364 APRIL 1973 f ; f ;; 00; 0 X 0 gX ; ;00; f H; 0 tV ; j g ; 0\ To Horcidiye <- LEBANON - international highways N OIlter roas ttue In aterst ir bs, -----'Railways 2500 i -0 Parts 200 * Airpor;t z 1,500 -.---Pipelines F 1,:~ 000 Hydroulic plonts and tunnels of --15DO ElM Litoni Power systeimr Principal irrigation projects * - - InternlirJotl iboundaries 0;; l? $it ;; ii g;y i;00 $000; t; ;000 ig;; 00 000 ;000 $00 ;00Sg rt Hermelj . IL,~~~~~~~~~~~~~~~~~~~ IL,~ ~ ~ ~ ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~- ; ;09 T ot0 ; g :;0 2000 0 030 ; l$ 2 7 - t ; KI LOMETERt00 B;;0 7 0 0000t0a2tfroun B_ > > 9 c crre 1;t A, <t} -38