Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
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.
Key details
The announcement lifted shares in the sector by as much as four percent in early trading. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
“The numbers are moving in the right direction, but the margin for error is thin.”
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
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.
What happens next
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
The announcement lifted shares in the sector by as much as four percent in early trading. 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. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
