Lebanon’s Balance of Payments (BoP) revealed a deficit of $899.1M in the first four months of 2016, compared to a deficit of $714.2M in the same period last year. The widening deficit is the result of a lesser flow of Foreign Direct Investments and remittances since regional economies are now facing their own set of economic and political woes.
Up until April, Net Foreign Assets (NFA) of the Central Bank (BDL) dropped by $902M, while that of commercial banks rose by $2.9M.
In April alone, Lebanon’s BoP also registered a deficit of $254.9M, compared to a surplus of $136M in April 2015. The NFAs of BDL decreased by $494.9M and that of commercial banks inched up by $240M, from the prior month.
Balance of Payments by April ($M)
Source: Banque du Liban