Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
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.
Why it matters
Much depends on whether the government can hold its coalition together long enough to pass the legislation. 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.”
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
