The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Background
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The announcement lifted shares in the sector by as much as four percent in early trading.
“Capital follows credibility, and credibility is finally being rebuilt.”
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.
The announcement lifted shares in the sector by as much as four percent in early trading. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
The wider picture
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
