Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
Background
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.
“The numbers are moving in the right direction, but the margin for error is thin.”
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
The announcement lifted shares in the sector by as much as four percent in early trading. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
The wider picture
The announcement lifted shares in the sector by as much as four percent in early trading. The announcement lifted shares in the sector by as much as four percent in early trading.
The announcement lifted shares in the sector by as much as four percent in early trading. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
