The President of the International Federation of Lebanese Businessmen and Women MIDEL and the Dean of the Faculty of Business Administration at “Saint Joseph University” Dr. Fouad Zmokhal visited the French capital, Paris, where he delivered a lecture at the French Institute Institut Catholique de Paris, organized by the Olivian Conference, entitled “The Lebanese Cause and the Largest Economic and Social Crisis in Lebanon.” world history”.
Zmkohl then delivered a lecture at the University of Paris Dauphine for master’s students. He also met the CEO of MEDEF International, Philippe Gauthier. He met with a number of French officials from the House of Representatives and the Senate, as well as with French officials concerned with the CEDRE Conference.
And he spoke in two lectures by the Institute Catholique de Paris and Paris Dauphine about “the issue and the atypical crisis, which has been called the worst and most difficult economic and social crisis in the history of the world, according to the observatory of the Bank and the International Monetary Fund.” He explained “how the Lebanese economy was built from after the civil war until the current collapse,” focusing on “that the civil war did not end with a sustainable peace, but with an agreement and the distribution of quotas, seats and projects, especially the change of war uniforms and replacement with administrative allowances. An economy built on the basis of sustainability and deficit financed by debt and beggary.
He presented “how international aid money was wasted from Paris (1, 2, and 3), and international trust was destroyed.”
Zmkohl met on his tour with Gauthier, accompanied by the official in the Middle East, Olivier Martis, and they discussed synergies between Lebanese and French businessmen and women, and building an agreement between MIDEL and MEDEF.
Zmkohl called on French companies to visit Lebanon “to make joint investments, especially BOT and PPP agreements, in all productive sectors to rebuild our economy.”
During his meeting with a number of members of the House of Representatives and the Senate, Zmokhal said, “Lebanon cannot be abandoned, and let it slide more and more into this chronic and dark marsh,” warning that “when the compulsory reserve in the Central Bank runs out, we will not have any liquidity to finance our needs.” livelihood, and therefore we must work to find ways to finance new ones.
And he stressed, “Regrowth and advancement begins with rebuilding a new and solid banking sector, especially attracting international banks in order to restore confidence, financing and developing the private sector, as well as financing raw materials for re-development.”