The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. 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. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
What happens next
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
“The numbers are moving in the right direction, but the margin for error is thin.”
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
Why it matters
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
