Marwan Kheireddine Speaks On the Current Economic Meltdown in Lebanon and Why There is Hope
Marwan Kheireddine has held and still hold several positions in the government and private sector. The current chairman of AM Bank has so much love for his homeland, Lebanon, and he feels that the country can work through its current economic crisis and come out better. The former Lebanese minister of state Marwan Kheireddine knows what it takes to run government affairs and create reforms and policies that will help the people. As the minister of state, he was a member of more than 20 committees. During the tenure that ran from July 2011 to February 2014, he supported life policies that made the banking sector better. He brought to life a couple of laws, such as the Cross-Border Cash Limitation Law that made the industry better.
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Out of Marwan Kheireddine’s love for his country, he believes that the current economic crisis can be tackled fast and effectively. He believes in economic growth through support for the private sector. He supported the creation of Banque du Liban Circular 331 whose goal was to support entrepreneurs financially to grow the country. Today, as the country faces an economic meltdown that only seems to be getting worse, Kheireddine still feels the support to the private sector and the youth will go a long way in enabling the country to recover.
As for the future of the country, the former professor of finance at the American University of Beirut observes that the country might need to consider its oil reserves. He notes that by exploring these reserves, the country can create the needed hard currency to dissipate the current crisis fast. In several forums, Marwan Kheireddine has mentioned that Lebanon is rich in resources, but lacks good leadership to ensure that these resources help the people. The government runs the ports, airports, utilities, and much more and these resources only need to be managed effectively.