Economists expect inflation to ease into single digits by year end if the exchange rate holds. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
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.
“Nobody wants a repeat of 2019, and that concentrates minds.”
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
Market reaction
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.
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.
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
