The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
The wider picture
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
“Nobody wants a repeat of 2019, and that concentrates minds.”
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The announcement lifted shares in the sector by as much as four percent in early trading.
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The announcement lifted shares in the sector by as much as four percent in early trading.
Market reaction
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
