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.