Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
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.
Background
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
“Capital follows credibility, and credibility is finally being rebuilt.”
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Background
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
