The Lebanese economy continues to withstand not only the harsh repercussions of the turbulent wars over the past two decades in the country and the region, but also continuous unrest and persistent social and political instability. The economy suffered a major contraction in aggregate demand in consumption and investment after the assassination of Prime Minister Rafiq Hariri in February 2005, and has not yet recovered due, in part, to continued political tensions among the local political parties, the war with Israel in 2006, and more recently the unrest in neighboring countries.
The aggressive reconstruction process after the physical infrastructure destruction and global financial system contraction, have hampered the growth of the real Lebanese economy. Today, the country continues to be in need to develop its institutions across various sectors and platforms.
Emkan has been making strides in designing and planning the operations of the community development projects in the Akkar region in the North. The various entities established in support of agricultural services, in particular, have especially marked significant developments as they have filled in serious gaps in the agricultural sector in Akkar. No developments would have been possible if it was not for the dedication of our team and our commitment to quality services to the low-income groups in Lebanon. Building sustainable local institutions is the goal we are moving closer to every day.
On behalf of the Emkan team, I would like to emphasis our commitment to quality services as we work towards creating new opportunities in the rural communities and regional economies all over the country.
Executive General Manager