According to a World Bank assessment released on Tuesday, the estimated cost of rebuilding Syria following more than ten years of civil conflict is $216 billion (€185 billion), which is about ten times Syria’s 2024 GDP.
Large portions of the nation were devastated by the fighting, which also severely damaged vital infrastructure, such as the electrical grid. Although their “conservative best estimate” is $216 billion, the World Bank estimates that the rebuilding might cost anywhere from $140 billion to $345 billion.
World Bank Middle East Director Jean-Christophe Carret said in a statement, “The World Bank is prepared to work alongside the Syrian people and the international community to support recovery and reconstruction, despite the enormous challenges that lie ahead.”
Since former President Bashar al-Assad left Syria, the country has signed billion-dollar investment agreements with Gulf nations and restored diplomatic ties with the West, but its financial problems persist. Although many of the restrictions put in place during the al-Assad dynasty’s tenure have been lifted by the US and Europe, the effects on the ground have been little thus far.
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