Price increases are expected to alleviate in 2023, but global growth is also projected to fall, according to the World Economic Outlook. In most economies, amid the cost-of-living crisis, the priority remains achieving sustained disinflation.
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After a mission to the country, International Monetary Fund staff assessed the Lebanese economic situation and pointed out actions that could bring an upturn.
A 5.9% growth is expected in FY2021/22, and a 5% growth is forecasted in FY2022/23.
The International Monetary Fund reached an agreement with Lebanon for a four-year extended fund facility that will however only get full approval if the Arab country enacts a series of reforms.
African Arab country will receive an emergency financing of USD 43.4 from IMF to reduce the negative effects of the pandemic on the balance of payments. Djibouti posts lower exports of services and investments.
