
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.
For all the latest headlines follow our Google News channel online or via the app.
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.
Read more:
Lebanon finance minister awaiting central bank answers ahead of audit request
Lebanon central bank will intervene in order to control the exchange rate: Presidency
Reports of sanctions on Lebanon central bank chief are ‘untrue’: State Department
-
Lebanon’s Hezbollah says it’s time to allow formation of new government
-
AUB shifts approach, will bring $100 mln from funds abroad as Lebanon crisis deepens
-
Lebanon could sink like Titanic, parliament speaker Berri says
-
Lebanon’s Zahrani power plant shuts down after gas oil runs out
-
Lebanon food prices become MENA’s most expensive: World Bank
-
US ambassador to Beirut urges Lebanon’s leaders to form new government
-
Saudi Arabia calls on Lebanon officials to accelerate formation of a new government
-
Activating resigned cabinet is up to parliament, says Lebanon’s caretaker PM Diab
-
Lebanon central bank will intervene in order to control the exchange rate: Presidency