BEIRUT, September 14 (Hfrance.fr) - The outgoing Minister of Finance of Lebanon, Ghazi Wazni said on Tuesday that a contract for a central bank forensic audit would be signed in days by the new government with Alvarez & Marsal (A&M), a step aimed at helping the country emerge from its crisis.
Prime Minister Najib Mikati established a new cabinet on Friday alongside President Michel Aoun, appointing former central bank official Youssef Khalil to the post Minister of Finance.
The formation of a new government ends a year of political stalemate in which Lebanon s ' is deeper into an economic collapse that has plunged three-quarters of the population into poverty and caused the currency to lose more than 90% of its value.
The audit plan, a prerequisite for Lebanon to be able to obtain vital foreign aid, encountered an obstacle in November when the cabinet ofrestructuring advisor A&M withdrew, claiming it had not received the information it needed from the central bank.
The finance ministry said in April that the central bank had agreed to hand over the documents required by A&M. learn more
Wazni made his comments to the media after an event to mark the transfer of his functions to Khalil.
Khalil, a former central bank official close to central bank governor Riad Salameh, said on Tuesday that failure in his new role was not an option, saying it would only do so. 'exacerbate Lebanon's problems. Report by Maha El Dahan; Edited by Catherine Evans and Edmund Blair
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