Home EntrepreneurshipHow Lebanese entrepreneurs can survive the liquidity crisis

How Lebanese entrepreneurs can survive the liquidity crisis
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by Roxana Mohammadian-Molina

IN BRIEF The liquidity crisis requires immediate attention and will likely result in an IMF program, with consequences for poorer Lebanese.In the short term, an IMF-backed loan program would need to create a specialized fund to promote the local private sector and entrepreneurship. In the long term, the government needs to foster relationships between itself, the education sector, and businesses to help promote entrepreneurial growth. Right now, the challenge every Lebanese entrepreneur is facing is the liquidity crisis. A two-speed approach is required: 1) a set of short-term policy measures to tackle the urgency of the funding gap left by the liquidity crisis, and 2) more medium- to long-term policy measures that are focused on building and strengthening the Lebanese entrepreneurship ecosystem. Emergency crisis management As the outlook continues to deteriorate for Lebanon, the newly appointed finance minister Ghazi Wazni said late January that Lebanon needed foreign aid to save

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