No global financial support for Lebanon until government in place - French presidency


  • World
  • Wednesday, 02 Dec 2020

FILE PHOTO: French President Emmanuel Macron visits the devastated site of the explosion at the port of Beirut, Lebanon August 6, 2020. Thibault Camus/Pool via REUTERS/File Photo

PARIS (Reuters) - France's presidency said on Wednesday that there would be no international financial support for Lebanon until there was a government in place and warned that an audit of the central bank was more urgent than ever.

A financial meltdown has crashed Lebanon's currency, paralyzed banks, sent inflation soaring and increased poverty. Suggestions of a looming end to subsidies have triggered panic buying.

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