The announcement lifted shares in the sector by as much as four percent in early trading. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
Analysts caution that the outlook remains tied to the pace of structural reforms and the political calendar. Critics argue the timeline is unrealistic and that the burden will fall disproportionately on small depositors.
Background
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. The announcement lifted shares in the sector by as much as four percent in early trading.
“Capital follows credibility, and credibility is finally being rebuilt.”
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.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli.
