Lebanon’s central bank under forensic audit: Lebanese President Michel Aoun

On Thursday, in a tweet, Lebanese President Michel Aoun said, Alvarez & Marsal has begun a forensic audit of the Lebanon’s central bank. The tweet indicates a fresh thrust for Lebanon in its efforts to secure foreign aid midst a financial apocalypse.

Last year, the plan for an audit of the central bank hit a roadblock after restructuring consultancy A&M withdrew from the audit saying it had not received the information it needed from the central bank.

In December 2020, Lebanon’s parliament agreed to lift banking secrecy for a year.

Aoun also stated that negotiations with the International Monetary Fund (IMF) for a programme to rescue Lebanon from its economic crisis has begun.

According to an official from the IMF he hoped negotiations for a programme would start before the new year.

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