[ad_1]
The International Monetary Fund revealed that the talks it is conducting with the Lebanese authorities focus on the need to carry out an accounting and financial audit of the Lebanese Central Bank’s budget to assess its assets and liabilities.
As reported by the agency “Reuters”, the spokesman of the fund, Jerry Rice, believes that this audit will help to evaluate the financing of the government by the central bank, and its policy of “financial engineering”, which are two important elements for Understand losses incurred in the past.
Italy joined France in urging Lebanon to rebuild trust between the people and its institutions, and to push through reforms to end decades of government corruption and mismanagement, in measures designed to pave the way for international aid.
Lebanon had already started talks with the IMF last May, but stopped last July amid disagreements between the government, political parties and banks over the size of losses in the banking sector, the main contributor to financing. of the huge public debt.
It was noted that the Lebanese Ministry of Finance circulated what was reported by Reuters from the International Monetary Fund, that the accounting and financial audit of the Banque du Liban’s budget would help evaluate the financial engineering policy.
[ad_2]
