The two year study assessed the impact of multi-purpose cash (MPC) on the well-being of over 11,000 Syrian refugee households living in the Bekaa, North and Mount Lebanon. The study finds that most of the impact of MPC materializes in the long term (over 12 months), while limited impact materializes in the short term. The study also finds that impact of MPC fades within 4-10 months after discontinuation from assistance and the household’s well-being returns to its pre-assistance levels.