June 02, 2014

Deutsche Bank supports René Moawad Foundation

Higher education in Lebanon has rapidly expanded in the past decade, with a rise to 54% in the number people who are eligible going into higher education. Nevertheless the social situation in North Lebanon has the highest level of under-development in the country. The cooperation between Deutsche Bank and the René Moawad Foundation aims to improve access to secondary education and to help young talent pursue a university education.

 

The education in Lebanon was once almost exclusively the responsibility of religious communities or foreign groups. Since the number of students in public schools has risen to more than two-fifths of the total school enrollment, the government was pressured to open more public schools to meet the demands of the general public.
The René Moawad Technical School is a joint venture with the Ministry of Education in Lebanon. Public and private-sector institutions in Lebanon plan to work together to shape cooperative vocational training in cooperation with regional chambers and associations, and with training colleges and companies. In contrast to private schools, students of the René Moawad Technical School pay only their registration fees whereas the Ministry covers all the turnover fees. The School provides technical education in different educational levels, covering a wide range of specialization to underprivileged students. Located on the half way between Tripoli and Zgharta, on a road leading to the rest of the Northern area, the René Moawad School offers students from different confessional or regional belongings, to study and live together and know more of each others. This dialogue amongst new generations is very precious nowadays and quite difficult to implement.

In 2014 the school could only accept 232 students, caused by the lack of space. As part of the cooperation: Deutsche Bank's Middle East Foundation supports the rehabilitation of the René Moawad Technical School in Lebanon. Toni Amm, Director of Rene Moawad Technical School, said: "Since its establishment in 2012, the school has build a very good reputation proven by last year’s academic results which were nearly the best in the whole North of Lebanon. The support of Deutsche Bank’s Middle East Foundation will enable us to renovate the Center's infrastructure and build its capacity to enroll more underprivileged students.”

The René Moawad Foundation was created in the beginning of 1991, shortly after René Moawad’s assasination, just seventeen days after having been elected President of the Lebanese Republic. The René Moawad Foundation is a non-Profit, non-Political and non-Sectarian Association, it aims at contributing to a project of a United and Pluralistic Society built on Democratic Values. All through the years, it has been working on Social, Human and Economic Development.

Established in 2008, Deutsche Bank’s Middle East Foundation is one of the Bank’s many foundations around the globe across Asia, Africa and the Americas. In addition, Deutsche Bank has active Corporate Social Responsibility programs across Europe and the UK. Deutsche Bank’s Middle East Foundation focuses on funding investments in arts, education, community development, sustainability, and volunteering in the Middle East North Africa region.

“We are really delighted that we have established this partnership with René Moawad Foundation in Lebanon. Through Deutsche Bank's Middle East Foundation we always aim to break the cycle of youth unemployment through early intervention and help young people reach their full potential by developing employability skills, confidence and aspirations.”

Philippe Vollot Chairman of Deutsche Bank’s Middle East Foundation and the Bank’s regional Chief Operating Officer
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Lebanon: Gross Enrolment Ratio for tertiary education

54 %

of the total population following on from secondary school leaving.

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