Lebanon central bank will not lend state cash before reforms ...Kuwait

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Lebanon central bank will not lend state cash before reforms
Lebanon's central bank will not print money to lend the state or cover the crisis-hit economy's projected deficit, acting central bank governor Wassim Mansouri said on Friday, calling on leaders to undertake urgent financial reforms. Mansouri told a press conference at the central bank the draft budget for 2023 included a state deficit of 24%, or 46 trillion Lebanese pounds. That would amount to about $500 million at the parallel rate for the collapsed currency, according to a calculation by Reuters. "We affirm today that the central bank will not cover the deficit by lending to the government, neither in dollars or in Lebanese pounds. Lebanese currency will not be pri

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