Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar.
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
What happens next
Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
“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.
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
Why it matters
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.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
