.
.
.
.

Lebanon finance minister awaiting central bank answers ahead of audit request

Published: Updated:

Lebanon’s finance minister said on Thursday he was awaiting some answers from the central bank ahead of a request to consultants Alvarez & Marsal to resume a forensic audit.

The audit is on a list of reforms that foreign donors have demanded before helping Lebanon out of its grave financial crisis, rooted in decades of state waste and corruption.

For all the latest headlines follow our Google News channel online or via the app.

Alvarez & Marsal, a restructuring consultancy, pulled out of the audit procedure in November, saying it had not received the information it required, prompting parliament in December to lift banking secrecy for one year.

“When we get answers from the central council of the central bank we can contact A&M to resume with the audit,” caretaker finance minister Ghazi Wazni said in comments to media after meeting President Michel Aoun.

It was not clear what information or approvals Wazni was awaiting from the central bank.

Wazni had said on Dec. 23 that he would contact the consultants to resume their work.

Read more:

Lebanon central bank chief faces FOREX scam, professional negligence charges

Crisis-hit Lebanon hikes subsidized bread price by a fifth

Swiss ambassador to Beirut, Lebanese FM hold talks amid central bank probe