Lebanon to Ask Alvarez & Marsal to Continue Central Bank Audit

Lebanon to Ask Alvarez & Marsal to Continue Central Bank Audit
Bloomberg
12/23/2020
Farah Elbahrawy
© Bloomberg
A man wheels a trolley past the headquarters of the Lebanese central bank in Beirut, Lebanon, on Wednesday, Oct. 23, 2019. Tens of thousands of Lebanese have flooded the streets nationwide in the past week, taking aim at the political elites they blame for entrenched corruption and worsening living conditions.
(Bloomberg) -- Lebanon will ask Alvarez & Marsal Inc. to continue its audit of institutions including the central bank after parliament approved the lifting of a banking secrecy law.
The audit will also include ministries, funds and public institutions, according to the official Twitter account of the Lebanese presidency. President Michel Aoun has said a forensic audit at the nation’s central bank has become a requirement for talks with the International Monetary Fund.

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