The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Why it matters
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
“The numbers are moving in the right direction, but the margin for error is thin.”
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.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Why it matters
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
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.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
