Marwan Kheireddine is many things, including a successful entrepreneur from Lebanon. He’s accomplished many things throughout his long and storied career, which is why he feels that he’s in an excellent position to contextualize the economic uncertainty that the Lebanese are facing in the modern era.
The country’s economy has retracted by more than 66% in the past two years alone. As a result, more and more people find themselves in poverty daily. The currency is on a path to becoming valueless, and the country’s economic power grid regularly experiences problem after problem.
Something has to be done. Using his experience and deep, intimate ties to his homeland, Marwan Kheireddine believes he knows exactly what those essential changes happen to be.
A Brighter Future for Lebanon
For Marwan Kheireddine, one of the most significant steps that need to be taken to secure a more prosperous future for the country involves the government going out of its way to repay its current debts. He indicated that the citizens are losing faith in their government, and that trend shows no signs of slowing down anytime soon.
Therefore, he said that assuming responsibility and repaying debts would serve two distinct goals at the same time. First, it would help relieve the financial stress of the country. Secondly, it would go a long way towards restoring the people’s faith, at least in the short term.
Another step that Marwan Kheireddine believes should be taken is embracing cryptocurrency. He indicated that this could catalyze the economy’s rebounding if a strategy is executed correctly. But at the same time, this is only possible with the country’s economy becoming available again on a global scale. Without it, there’s almost no chance that cryptocurrency would find a foothold – at least in a way that positively impacts the economy he hopes for.
Finally, it is a firm belief of Marwan Kheireddine that the private sector is one of the keys to boosting the economy of Lebanon for the foreseeable future. He saw this up close and personal during his three-year run as minister of state. As a result, he put a lot of time and energy into growing the private sector in ways that would boost the country’s more extensive economy.
Recently, the Lebanese have been relying on people who have left the country and found success elsewhere. These people continue to send money back to family members still living in Lebanon. However, it doesn’t necessarily have to be that way – at least not to such a significant degree. Boosting the private sector can and should make it more attractive to prosper at home, which is something that will help the country itself in a much larger way for generations to come.