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HomeWorldLebanon fourth largest recipient of IMF technical aid in region

Lebanon fourth largest recipient of IMF technical aid in region

The International Monetary Fund’s Middle East Technical Assistance Center (METAC) indicated that Leba­non accounted for 10 percent of its overall allocation of technical assistance delivery during fiscal year 2009, as reported by Lebanon This Week, the Byblos Bank Group’s economic publication. It was the fourth biggest recipient of such aid, ranking behind Syria, Sudan, and the West Bank & Gaza, and came ahead of Yemen, Libya, Jordan, Afghan­istan, Iraq and Egypt. Lebanon received 30.8 person weeks (PWs), or 154 days worth of assistance in 2009, down from 34 person weeks in 2008.

Lebanon received 9.8 PWs, or 49 days in public financial management aid, accounting for 31.8 percent of assistance it received and for 17.7 percent of overall such assistance in the region. Such assistance covered the set up of a cash-management unit to develop cash projections for a broader monitoring of budget execution; integration of capital and current budgets, and budget preparation. Support in FY2010 will cover further development of the cash management unit, extending the Treasury Single Account coverage, and budget classification

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