The announcement lifted shares in the sector by as much as four percent in early trading. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
The wider picture
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
“Capital follows credibility, and credibility is finally being rebuilt.”
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. 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. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
