A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Why it matters
Much depends on whether the government can hold its coalition together long enough to pass the legislation. 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.”
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
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 announcement lifted shares in the sector by as much as four percent in early trading. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
