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.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
Background
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
“The numbers are moving in the right direction, but the margin for error is thin.”
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Background
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
