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Lebanon economy

Lebanon’s central bank says ready to discuss forensic audit with Alvarez & Marsal

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Lebanon’s central bank is ready to facilitate a forensic audit process by Alvarez & Marsal and will discuss this in a virtual meeting with the restructuring company on April 6, it said in a statement on Thursday.

Alvarez & Marsal 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.

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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.

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