The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
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.
Background
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
“Capital follows credibility, and credibility is finally being rebuilt.”
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.
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
Key details
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
