Damascus, Syria, 25 August 2008 – The Syrian Government and the Aga Khan Development Network (AKDN) today signed three landmark agreements designed to strengthen collaboration in the areas of microfinance, healthcare, and cultural tourism.
Syria’s Prime Minister, His Excellency Mohamed Naji Al-Otri and His Highness the Aga Khan, Imam (spiritual Leader) and founder and Chairman of the Aga Khan Development Network attended the signing ceremony at the Prime Minister’s office in Syria’s capital, Damascus.
In the area of microfinance, the Governor of the Central Bank of Syria, Dr Adeeb Mayaleh and the Chief Executive Officer of the First Microfinance Institution (FMFI), Mr Jean Lorenz Ehrentrant signed an agreement recognising the FMFI as the first microfinance institution to operate in the country.
His Highness the Aga Khan and Prime Minister Muhammad Naji Al-Otri address a gathering of media at the Prime Minister’s office after the signing of the three agreements of collaboration between AKDN and the Government of Syria.Dr Adib Mayaleh, Governor of the Central Bank of Syria (right) and Mr Jean Lorenz Ehrentrant, Chief Executive Officer of the First Microfinance Institution (FMFI), exchange agreements after a signing which recognises the FMFI as the first microfinance institution to operate in the country.Dr Maher Al-Housami, Minister of Health, and Mr Firoz Rasul, President of Aga Khan University, sign an agreement to further develop the healthcare sector in the country. The signing of the agreement was witnessed by His Highness the Aga Khan and Prime Minister Muhammad Naji Al-Otri.Mr. Mahmud Janmohamed, Managing Director of Tourism Promotion Services (TPS) and Dr Bishr Mazen Al-Sabban, the Governor of Damascus, sign an agreement announcing the investment of approximately $20 million towards the building of a 5-star hotel that will involve the restoration and adaptation of three houses in Old Damascus.
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