IMF NABU audit

An external audit of the NABU will be conducted by a panel of respected experts with international experience selected in accordance with the requirements set out in the NABU Law (#1698-VII). The terms of reference for the external audit of NABU will be developed in consultation with IMF staff and we will ensure that auditors have adequate resources to efficiently and independently complete the audit of NABU in time. Based on the analysis conducted by the auditors, the audit report will include clear and prioritized recommendations on the effectiveness of NABU and its operational and institutional independence, in line with international best practices. In case the auditors unanimously conclude that the criteria on dismissal of the NABU director referred to in Article 6.4.11 of the NABU Law are met, they will include the evidentiary basis, a detailed rationale, and recommendation in their report. In line with this framework, an audit report will be finalized by end-July 2019 and appended to the subsequent NABU report