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Lebanon says completed audit of gold on IMF request

Summary by Ground News
Lebanon reached a staff-level agreement with the IMF in April for a $3 billion programme. The IMF requires Lebanon to fulfil a number of prior actions, including an audit of the central bank's foreign asset position, which includes gold. An IMF deal is widely seen as the only way for Lebanon to begin exiting one of the world's most severe economic crises.
Published 3 months ago

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Lebanon says completed audit of gold on IMF request

Lebanon's central bank has completed an audit of its gold reserves at the request of the International Monetary Fund that found the amount of gold in its vaults was identical to the amounts mentioned in its balance sheets, a bank statement said.

3 months ago·United Kingdom
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Lebanon's audit of gold completed 'successfully', says central bank

The measure is one of the reforms required by the IMF to unlock billions of dollars in loans

3 months ago
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