Saudi Arabia and Qatar: Financial rescue for Syria's state!

Saudi Arabia and Qatar: Financial rescue for Syria's state!

Damaskus, Syrien - Saudi Arabia and Qatar have announced a collaboration to finance the salaries of national workers in Syria. This was announced by Saudi-Arabia's Foreign Minister, Prince Faisal Bin Farhan Al Saud, during a press conference with the Syrian counterpart Asaad al-Shibani in Damascus. While the exact amount of financial support for the public sector in Syria was not announced, the Syrian finance minister Mohammed Yosr Bernieh said that Qatar is planning to provide $ 29 million a month in order to pay the salaries of civilian government officials. According to reports, this initiative reported the consent of the United States, which had recently lifted economic sanctions against Syria under President Donald Trump.

In addition, Saudi Arabia and Qatar announced in the middle of the month that they paid a guilty of Syria at the World Bank of around $ 15 million. This meant that after 14 years, the World Bank can resume its operations in Syria and prepare a first project to improve access to electricity. This project aims to revitalize essential services such as health care, education and water supply.

financial support and reconstruction

The funds provided should flow into various projects, including health, agriculture and power supply. The aim of these auxiliary measures is to save people's lives and to facilitate the return of displaced persons. However, the uncertainty about the further financial support from Geberländer is high as long as the Islamist group HTS remains in power in the region.

economic challenges and perspectives

The vast majority of the population lives below the poverty border in Syria; About 90% are affected and a quarter is unemployed. The UNDP report estimates that Syria will take over 50 years to return to his economic status before the war, provided that growth progresses at this pace. Monetary, the monthly income of state employees is between $ 30 and $ 50, while food prices are increasing significantly.

aid organizations that work for the reconstruction are faced with the challenge that border traffic between Turkey and Syria is restricted and that they are not allowed to operate in areas controlled by the government. This limits the effectiveness of your efforts.

summarized it is shown that the collaboration between Saudi Arabia and Qatar is a decisive step towards financial stabilization of Syria. Nevertheless, the situation remains tense, and the challenges in building a stable and functioning country are enormous.

Further information on this topic can be found in the reports of Zeit Online and Tagesschau .