New government in Lebanon renews central bank audit

Lebanon

BEIRUT (AP) — Lebanon’s incoming finance minister signed a contract on Friday with a New-York-based company to conduct a forensic audit of the country’s central bank, a key demand of the international community to restore confidence in the crisis-struck country.

Alvarez & Marsal had pulled out of an earlier deal late last year, complaining that after months of work it was not able to acquire the information it needed to conduct its audit. The withdrawal was a blow to calls for accountability in the country mired in decades of corruption which many consider a key reason for the economic meltdown.

A forensic audit has been a key demand by the I