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.
Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week. The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule.
The wider picture
Much depends on whether the government can hold its coalition together long enough to pass the legislation. Investors have been watching the negotiations closely, with yields on the 2030 notes narrowing by 40 basis points this week.
“This is the most consequential moment for the sector since the crisis began.”
Economists expect inflation to ease into single digits by year end if the exchange rate holds. Regional peers have moved faster, and the gap is becoming harder to ignore, one former adviser said.
The plan sets out three phases, beginning with an audit of balance sheets and ending with a recapitalisation schedule. Officials say the measures could take effect before the end of the quarter, although parliament has yet to schedule a vote.
Why it matters
Executives said demand from Gulf clients had exceeded expectations, prompting plans for a second facility in Tripoli. Remittances remain the single largest source of hard currency, accounting for roughly a fifth of national income.
