Forensic auditor pulls out of Lebanon central bank probe

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Sat, 2020-11-21 01:54

BEIRUT: Restructuring consultancy Alvarez & Marsal has pulled out of a forensic audit of Lebanon’s central bank because it did not receive information required to carry out the task, caretaker Finance Minister Ghazi Wazni told Reuters on Friday.

The decision to walk away from the contract is a blow to Lebanon as it attempts to extricate itself from a deep financial crisis that has crashed its currency, paralyzed banks and prompted a sovereign debt default.

The International Monetary Fund has said the audit is a vital step toward securing financial aid.

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