Preliminary audit report slams Lebanon central bank, governor
- Date: 14-Aug-2023
- Source: Jordan Times
- Sector:Financial Services
- Country:Lebanon
Preliminary audit report slams Lebanon central bank, governor
BEIRUT — A preliminary forensic audit of Lebanon's central bank by professional services firm Alvarez & Marsal (A&M) has painted a damning picture of the institution under long-serving former governor Riad Salameh.
Since late 2019, Lebanon has been mired in an economic crisis that the World Bank has dubbed one of the worst in modern times, but officials have largely failed to take action to stem the collapse or implement reforms demanded by creditors.
An audit of the central bank has been among the top demands of creditors as Lebanon seeks bailout funds.
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