According to a recent statement, the Central Council at BDL recently reiterated during a session that convened on December 1 its abidance to the provisions of law number 200, its commitment to cooperation with Alvarez & Marsal and its fulfillment of all the additional requests that were sent by the company to the Ministry of Finance.  The statement added that KPMG, which was appointed to conduct an accounting audit of BDL as per the request of the IMF, has already started the audit exercise for the year 2019, i.e. phase three out of four phases stipulated in the contract signed between the Ministry of Finance and the concerned company. The Central Bank also pointed out that it provided the Minister of Finance on October 31, 2020 its answers to the list of information required by Alvarez and Marsal, and that following the issuance of law number 200 related to suspension of banking secrecy for banks, it confirmed via two separate decisions its readiness to fully cooperate with Alvarez & Marsal. The statement added that on April 6, 2021 a virtual meeting was held between representatives of the Central Bank, the Ministry of Finance, Alvarez and Marsal and legal firm Cleary Gottlieb. Finally, the statement revealed that based on the decision of the Central Council at BDL dated April 9, 2021, BDL delivered the updated data that was requested by Alvarez and Marsal.