According to a statement issued by BDL, the Central Bank of Lebanon recently held a meeting with Alvarez & Marsal in which a new forensic audit of BDL’s foreign assets was officially launched. More specifically, the statement revealed that the forensic audit will cover the period between October 1, 2019 and December 31, 2023, and will examine operations pertaining to BDL’s foreign assets, including the subsidy programs for essential goods & products, some transfers to banks and to the public sector, as well as letters of credit related to fuel imports. The statement noted that the audit will examine said operations, trace the flow of funds, and review the procedures & mechanisms adopted for their implementation.