Marwan Kheireddine Talks on Growing the Lebanese Economy
Marwan Kheireddine is a Lebanese entrepreneur who aims to improve Lebanon’s economy. Lebanon is experiencing an economic crisis with inflation and food shortages leading to an increase in the price of goods. Marwan Kheireddine is a Lebanese banking expert and AM Bank, Chairman.
Kheireddine notes that the COVID-19 pandemic has negatively impacted the Lebanese economy, and as the country tried to grow, it has further been affected by the Russia-Ukraine war. Lebanon imports at least eighty-five percent of its consumables and the increased cost of food and energy has caused a significant strain on the economy.
Marwan, the banking expert, deciphers that Lebanon and the IMF entered into an unconstitutional and unlawful draft agreement. The IMF vowed to provide Lebanon with $3 billion over four years. The AM Bank, a member of the Banks Association in Lebanon, suspended its membership as the association failed to protect the depositors and did not act in their best interests by not raising a motion against the state.
Marwan Kheireddine is an encouraging thought leader advocating for economic growth through the support and production of the industrial sector. He has focused on the private sector and has introduced Virgin Megastores and credit cards in Lebanon. In managing the Virgin Megastores, Kheireddine has kept an open-door strategy, and he is involved in every aspect.
Marwan Kheireddine explains that the Lebanese are renouncing their belief in the government. He, therefore, calls upon the government to fulfill its fiduciary duty and repay the debt it has taken out. To caution the country from the potentially severe economic crisis, Kheireddine asserts that the government must put more emphasis on the youth and the private sector.
Kheireddine, who served as a former minister of the state, believes that technology is advancing, and there is a need to accommodate innovative measures to promote sustainable economic development. He expresses that the Lebanese government should work with the private sector, fight corruption and utilize the gas reserves to become a leading gas-producing country.