Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. 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 programme includes technical assistance from the World Bank and a monitoring framework agreed with donors.
The wider picture
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
“This is the most consequential moment for the sector since the crisis began.”
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. 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. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
The wider picture
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
