Syria: Economic Situation

(asked on 8th April 2016) - View Source

Question to the Department for International Development:

To ask the Secretary of State for International Development, what plans her Department has to support Syria's economy after the end of the current conflict in that country.


Answered by
Desmond Swayne Portrait
Desmond Swayne
This question was answered on 15th April 2016

Much of our assistance is already laying the groundwork for future reconciliation, stabilisation and reconstruction efforts inside Syria. Regarding the economy, we are already taking a long term approach to foster market stability and economic recovery. This includes the supply of agricultural inputs to farmers to increase production as well as support to small businesses. This has potential to be scaled up once a political transition is reached and depending on the nature of that settlement.

On 26 November 2015, the Prime Minister announced that the UK will commit at least £1 billion to Syria’s reconstruction. We anticipate that reconstruction funds would be allocated against a plan agreed between a new, inclusive Syrian government and the international community. We expect that, over time, this funding will include support for re-building Syria’s shattered economy and infrastructure.

However, we must not underestimate the scale of the challenge of post-conflict reconstruction. Syria has experienced 40 years under an oppressive regime and a brutal civil war. Conflict has reversed Syria into poverty. Consequently, reconstruction will cost hundreds of billions of dollars. That is why we will use our influence as a major shareholder to push the UN and International Financial Institutions and the private sector to bring their planning, resources and expertise to bear.

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