Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
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.
Why it matters
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
“Capital follows credibility, and credibility is finally being rebuilt.”
Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors. 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. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
Market reaction
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
