A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
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.
What happens next
The announcement lifted shares in the sector by as much as four percent in early trading. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
“This is the most consequential moment for the sector since the crisis began.”
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
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 wider picture
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
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.
