Reconstruction and stabilization: an overview / Sena Eken -- Public investment planning and progress / John Wetter -- Postwar reconstruction, public finances and fiscal sustainability / Thomas Helbling -- Dynamics of interest rate movements: an empirical study / Taline Urnéchlian with Sena Eken and Thomas Helbling -- Issues in public debt management / Thomas Helbling -- Financial sector developments / Klaus Enders -- Association Agreement between Lebanon and the European Union / Annalisa Fedelino -- Statistical Appendix