A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
What happens next
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
“This is the most consequential moment for the sector since the crisis began.”
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
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.
