The President of the Council for Development and Reconstruction, Eng. Nabil El-Jisr, the Ambassador of France in Lebanon Mr. Patrice Paoliand, the Director of the French Development Agency in Lebanon, Mr. Lionel Kavirana signed a financing agreement which includes a soft loan worth 21 million euros and a gift of 700000 euros in the presence of the Minister of Education, Mr. Elias Bou Saab. The Government Commissioner to the Council for Development and Reconstruction and who is also a member in the Board of Directors of the Scientific Society for scientific, professional and economic education at the the Higher Institute of Applied Sciences and Economics Dr. Walid Safi, Director of CNAM Institute in France, Mr. Gilbert Sabourta, Director of CNAM Institute in Lebanon, Dr. Elias El Hashem, Director of the Education Center Dr.Leila Fayad, and Director of the teachers college Mrs Muzien Darwish.
The donation aims to finance studies and is a technical assistance to the project to strengthen and develop the Higher Institute of Applied Sciences and economic studies of the National Institute of Arts and professions in Lebanon ISSAE / CNAM -Lebanon and to support the Institute's work plan for the period 2013-2020. The loan also aims to finance the construction and equipping of a new building in Beirut for the Higher Institute of Applied Sciences and Economic -National Institute of Arts and professions in Beirut.