Central bank chief
vows not to lend money

AP

BEIRUT (AP) — Lebanon’s interim central bank governor called on the country’s ruling class Friday to quickly implement economic and financial reforms warning that the central bank won’t offer loans to the state and does not plan on printing money to cover the huge budget deficit to avoid worsening inflation.

Since taking office, Mansouri has been urging the government to pass some reforms, cautioning that the central bank cannot continue to spend money to fund the government’s budget deficit. FULL STORY