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The Information Office of the Ministry of Finance circulated what was reported by Reuters from the International Monetary Fund, stating: “The International Monetary Fund said today that its discussions with the Lebanese authorities focus on the need to carry out an accounting and financial audit of the budget. of the Central Bank of Lebanon to assess its assets and liabilities.
“This audit will help evaluate the government’s financing by the central bank and its policy of ‘financial engineering’, which are two important elements in understanding past losses,” fund spokesman Jerry Rice told reporters. .
Italy joined France in urging Lebanon to rebuild trust between the people and its institutions and proceed with reforms to end decades of government corruption and mismanagement, in measures designed to pave the way for international aid.
Lebanon began talks with the IMF in May, but stalled in July amid disagreements between the government, political parties and banks over the size of losses in the banking sector, the main contributor to financing huge public debt. .
A reform map drawn up by France calls for the formation of a new Lebanese government to implement an IMF-backed capital movement law, initiate an accounting audit of the central bank and launch reforms in the electricity sector.
He regularly informed Rice that the Lebanese Finance Minister had recently signed a financial and criminal audit of the Central Bank.
He added that IMF officials offered the Lebanese authorities to provide technical assistance to address some challenges following the Aug. 4 attack on the port of Beirut, which killed about 190 people and caused about $ 4.6 billion in damage.
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