Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The announcement lifted shares in the sector by as much as four percent in early trading.
The wider picture
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.
“Nobody wants a repeat of 2019, and that concentrates minds.”
Economists expect inflation to ease into single digits by year end if the exchange rate holds. 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. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
