Much depends on whether the government can hold its coalition together long enough to pass the legislation. Economists expect inflation to ease into single digits by year end if the exchange rate holds.
The announcement lifted shares in the sector by as much as four percent in early trading. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
Key details
Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income. The figures, published on Tuesday, compare with a contraction of 2.1 percent in the same period a year earlier.
“Nobody wants a repeat of 2019, and that concentrates minds.”
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. Bankers who spoke to Beirut Financial described the mood as cautiously optimistic, with liquidity improving month on month.
The deal would be the largest of its kind in the country since 2019, according to data compiled by Beirut Financial. The announcement lifted shares in the sector by as much as four percent in early trading.
Key details
The announcement lifted shares in the sector by as much as four percent in early trading. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
