The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. 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. Much depends on whether the government can hold its coalition together long enough to pass the legislation.
Background
Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote. A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors.
“This is the most consequential moment for the sector since the crisis began.”
A spokesperson declined to comment on the size of the facility, citing ongoing discussions with creditors. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial.
