Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
What happens next
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
“Capital follows credibility, and credibility is finally being rebuilt.”
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
