Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. 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. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Why it matters
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
“The numbers are moving in the right direction, but the margin for error is thin.”
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.
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.
What happens next
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. 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. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
