Regional banks braces for a rebound in tourism

Much depends on whether the government can hold its coalition together long enough to pass the legislation. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.

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

The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.

“The numbers are moving in the right direction, but the margin for error is thin.”

Much depends on whether the government can hold its coalition together long enough to pass the legislation. The announcement lifted shares in the sector by as much as four percent in early trading.

The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.

Why it matters

Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.

The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.

The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.

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.