Much depends on whether the government can hold its coalition together long enough to pass the legislation. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Background
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
“This is the most consequential moment for the sector since the crisis began.”
Much depends on whether the government can hold its coalition together long enough to pass the legislation. 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. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
