Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. The announcement lifted shares in the sector by as much as four percent in early trading.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
What happens next
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
“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. 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. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Key details
Much depends on whether the government can hold its coalition together long enough to pass the legislation. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
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.
