Lebanon crisis

Lebanon’s finance minister signs new forensic audit contract

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Lebanon’s finance minister Youssef Khalil on Friday signed a new contract with restructuring consultancy Alvarez and Marsal (A&M) to carry out a forensic audit at the country’s central bank, the ministry said in a statement.

A&M will give an initial report to the ministry within 12 weeks of its team starting work, the ministry said.

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The plan for an audit, a key requirement for Lebanon to secure foreign aid amid its financial meltdown, hit a roadblock in November when A&M withdrew, saying it had not received the information it needed from the central bank.

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