Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
The wider picture
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 numbers are moving in the right direction, but the margin for error is thin.”
Economists expect inflation to ease into single digits by year end if the exchange rate holds. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Background
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
Much depends on whether the government can hold its coalition together long enough to pass the legislation. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
