The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
What happens next
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. 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.”
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.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
Market reaction
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
