Lebanon’s central bank and finance ministry disagreed on the state of the documents required to carry out the forensic auditing of the central bank’s accounts.
In a statement released on Thursday, the Banque du Liban’s (BDL) media and public relations unit said that the BDL had “all its accounts handed over to the Finance Minister on October 13th, 2020, by the Government Commissioner at the Banque du Liban.”
The statement announced that a virtual meeting will take place on April 6th between Alvarez & Marsal, the firm hired to conduct the audit, the BDL, and the Finance Ministry to follow up on this matter.
In response, the Finance Ministry issued a statement denying that it had received all of the BDL’s accounts.
The statement stressed that what the Ministry had received on October 13, 2020 “constitutes only 42% of the documents and information required by Alvarez & Marsal.”
“This is evidenced by all the correspondence between the Finance Ministry and the Banque du Liban, especially Letter No. 868/1 dated October 14, 2020,” it said, adding that the BDL’s claim “contradicts reality.”