Apr
18

Lebanon Crisis Monitor – IMF Executive Board Concludes 2009 Article IV Consultation with Lebanon (IMF)

IMF Executive Board Concludes 2009 Article IV Consultation with Lebanon (IMF)
On April 15, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lebanon. 1 The Lebanese financial system has so far weathered the global financial crisis.

US honors Americans, Lebanese slain in service (The Daily Star Lebanon)
The United States Embassy held a ceremony on Friday in honor of those who lost their lives while serving the US in Lebanon. “American and Lebanese staff members of the US Embassy, survivors of the attacks, and guests remembered their lost colleagues and friends knowing that each of them had worked for the strong.

Lebanese Speaker hopeful of Hizbullah – Cairo reconciliation (Al Bawaba)
The Hizbullah cell case will be referred to the Egyptian state security court amid repots that senior Lebanese and Arab officials, including Lebanese Speaker Nabih Berri, are making mediation efforts to resolve the crisis between the Shiite movement and Cairo.

Stragellan BV announces Lebanon Prediction Market (AME Info)
Stragellan BV of The Netherlands has launched a Lebanon Prediction Market in which participants compete in a stock-market like setting over expectations for the 2009 general election and other issues related to political and economic stability and security.

Quake leaves south Lebanon residents shaken (The Daily Star Lebanon)
An earthquake rattled south Lebanon causing some panic among local residents, but no damage or casualties were reported. The Lebanese Bhannes Center for Seismic and Scientific Research says Friday’s earthquake registered up to 4.3 on the Richter scale and was centered in an area around 17 kilometers east of the southern port city of Tyre.

Ambush shines spotlight on Lebanon’s ‘Wild West’ (Gulf Times)
AFP/Beirut The ambush in which four soldiers were killed has put the spotlight on Lebanon’s ‘Wild West’ where drug barons armed to the teeth fill the void left by the state.

Lebanon’s net capital inflows up by 0.3 percent in 2009 – report (Zawya)
BEIRUT: Net capital inflows into Lebanon amounted to $2.036.4 billion in the first two months of 2009, up by 0.3 percent when compared to the same period of 2008. When compared to the same period of 2007, however, the rise was at a much sharper 77.5 percent.

Lebanese ambassador to officially take up post in Syria (The Daily Star Lebanon)
The Daily Star on Friday. “Lebanese Ambassador to Syria, Michel Khoury, will start his duties on Monday at the embassy in Damascus,” the minister confirmed.

Lebanon’s cedars are threatened by warming (Richmond Times-Dispatch)
BAROUK, Lebanon—There’s no escaping the cedar tree in Lebanon. A cedar is emblazoned on the country’s flag, and another on the planes of the national airline. It is on the currency, on passports and on all official documents. It is proudly worn on the uniforms of soldiers and crudely plastered on tourist knickknacks from ashtrays to fridge magnets.