The announcement lifted shares in the sector by as much as four percent in early trading. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Key details
The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
“Nobody wants a repeat of 2019, and that concentrates minds.”
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.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Why it matters
The announcement lifted shares in the sector by as much as four percent in early trading. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
