The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
The wider picture
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
“Nobody wants a repeat of 2019, and that concentrates minds.”
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.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
What happens next
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
