Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
The announcement lifted shares in the sector by as much as four percent in early trading. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
The wider picture
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
“The numbers are moving in the right direction, but the margin for error is thin.”
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.
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
