WIPO, WMO, WToO, WTrO (observer)

Diplomatic representation in the US:
chief of mission: Ambassador Dr. Farid ABBOUD
consulate(s) general: Detroit, New York, and Los Angeles
FAX: [1] (202) 939-6324
telephone: [1] (202) 939-6300
chancery: 2560 28th Street NW, Washington, DC 20008

Diplomatic representation from the US:
chief of mission: Ambassador Jeffrey D. FELTMAN
embassy: Awkar, Lebanon
mailing address: P. O. Box 70-840, Antelias, Lebanon; PSC 815, Box
2, FPO AE 09836-0002
telephone: [961] (4) 542600, 543600
FAX: [961] (4) 544136

Flag description:
three horizontal bands of red (top), white (double width), and red
with a green cedar tree centered in the white band

Economy Lebanon

Economy - overview:
The 1975-91 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.
Peace enabled the central government to restore control in Beirut,
begin collecting taxes, and regain access to key port and government
facilities. Economic recovery was helped by a financially sound
banking system and resilient small- and medium-scale manufacturers.
Family remittances, banking services, manufactured and farm exports,
and international aid provided the main sources of foreign exchange.
Lebanon's economy made impressive gains since the launch in 1993 of
"Horizon 2000," the government's $20 billion reconstruction program.
Real GDP grew 8% in 1994, 7% in 1995, 4% in 1996 and in 1997, but
slowed to 1.2% in 1998, -1.6% in 1999, -0.6% in 2000, 0.8% in 2001,
1.5% in 2002, and 3% in 2003. During the 1990s, annual inflation
fell to almost 0% from more than 100%. Lebanon has rebuilt much of
its war-torn physical and financial infrastructure. The government
nonetheless faces serious challenges in the economic arena. It has
funded reconstruction by borrowing heavily - mostly from domestic
banks. In order to reduce the ballooning national debt, the
re-installed HARIRI government began an economic austerity program
to rein in government expenditures, increase revenue collection, and
privatize state enterprises. The HARIRI government met with
international donors at the Paris II conference in November 2002 to
seek bilateral assistance restructuring its domestic debt at lower
rates of interest. While privatization of state-owned enterprises
ha