chief of mission: Ambassador Antoine CHEDID chancery: 2560 28th Street NW, Washington, DC 20008 telephone: [1] (202) 939-6300 FAX: [1] (202) 939-6324 consulate(s) general: Detroit, New York, Los Angeles
Diplomatic representation from the US:
chief of mission: Ambassador Michele J. SISON embassy: Awkar, Lebanon; (Awkar facing the Municipality) mailing address: P. O. Box 70-840, Antelias, Lebanon; from US: US Embassy Beirut, 6070 Beirut Place, Washington, DC 20521-6070 telephone: [961] (4) 542600, 543600 FAX: [961] (4) 544136
Flag description:
three horizontal bands consisting of red (top), white (middle, double width), and red (bottom) with a green cedar tree centered in the white band
Economy
Lebanon
Economy - overview:
The 1975-90 civil war seriously damaged Lebanon's economic infrastructure, cut national output by half, and all but ended Lebanon's position as a Middle Eastern entrepot and banking hub. In the years since, Lebanon has rebuilt much of its war-torn physical and financial infrastructure by borrowing heavily - mostly from domestic banks. In an attempt to reduce the ballooning national debt, the Rafiq HARIRI government in the 1990s began an austerity program, reining in government expenditures, increasing revenue collection, and privatizing state enterprises, but economic and financial reform initiatives stalled and public debt continued to grow despite receipt of more than $2 billion in bilateral assistance at the 2002 Paris II Donors Conference. The Israeli-Hizballah conflict in July-August 2006 caused an estimated $3.6 billion in infrastructure damage, and prompted international donors to pledge nearly $1 billion in recovery and reconstruction assistance. Donors met again in January 2007 at the Paris III Donor Conference and pledged more than $7.5 billion to Lebanon for development projects and budget support, conditioned on progress on Beirut's fiscal reform and privatization program. An 18-month political stalemate and sporadic sectarian and political violence hampered economic activity, particularly tourism, retail sales, and investment, until a new government was formed in July 2008.
GDP (purchasing power parity):
$40.44 billion (2007 est.)