Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
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 wider picture
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
“Nobody wants a repeat of 2019, and that concentrates minds.”
Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
The programme includes technical assistance from the World Bank and a monitoring framework agreed with donors. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
The wider picture
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.
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.
