Africa Business Radio

Lebanon’s central bank says that it would fulfil all data requests from the consultancy Alvarez & Marsal for a forensic audit of its accounts amid reports that the firm was set to pull out due to a lack of cooperation. The audit is seen as a key condition for an International Monetary fund support programme and other foreign aid to stem Lebanon’s deepest economic crisis since its 1975-1990 civil war. Little progress has been made to address the crisis since the pound began to decouple from its 23-year-old peg to the US dollar in 2019.