The announcement lifted shares in the sector by as much as four percent in early trading. 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. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
Key details
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
“Capital follows credibility, and credibility is finally being rebuilt.”
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
