Economists expect inflation to ease into single digits by year end if the exchange rate holds. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
What happens next
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
“This is the most consequential moment for the sector since the crisis began.”
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
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.
Why it matters
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
