European nations pledged $6.5 billion for Syria’s reconstruction after 14 years of war. This includes $4.6 billion in grants and $1.7 billion in low-interest loans. Aid will now go directly to Syria’s new government. The rebuilding effort follows extensive damage to the economy and infrastructure, with costs estimated at $250-400 billion.
The European nations have pledged nearly $6.5 billion to assist in the rebuilding of Syria, which has faced over 14 years of civil war. At the 9th International Conference in Support of Syria in Brussels, it was decided that $4.6 billion would be allocated as grants, accompanied by $1.7 billion in low-interest loans, bringing the total commitment to $6.3 billion, which is less than last year’s $8.1 billion pledge.
This financial aid aims to help Syria’s new leadership in reconstructing infrastructure and facilitate a peaceful political transition. Unlike in previous years, when aid was directed to neighboring countries housing Syrian refugees, funds will now be provided directly to Syria’s government. EU Commission President Ursula von der Leyen stated, “Today, we can finally work with Syria. The future of Syria is for all Syrians to build.”
Approximately 14 million people have been displaced, with over half leaving Syria following government crackdowns. Reports indicate that 90% of those remaining are living below the poverty line, and 16.7 million require humanitarian assistance. Rebuilding efforts are estimated to cost between $250 billion and $400 billion, as the new leader, Ahmed al-Shara, calls for international support to address overwhelming needs.
UN Secretary-General António Guterres expressed the UN’s commitment to aiding the reconstruction of Syria, stating, “The United Nations remains committed to helping Syrians build a country where reconciliation, justice, freedom, and prosperity are shared realities for all.” The conference highlighted ongoing violence against minorities, raising concerns over the new government’s abilities to protect these communities.
Syrian Foreign Minister Asaad Hassan al-Shaibani assured attendees of equitable assistance to all Syrian communities and efforts to facilitate the return of refugees. Reports indicate that this is the first time Syrian authorities have participated in the annual Brussels conference.
Historically, the U.S. has been the largest donor to Syria, but this year Germany emerged as the top contributor with a $326 million commitment, while the UK pledged up to $208 million. The U.S. has yet to announce any new funding commitments. U.S. Deputy Assistant Secretary Natasha Franceschi remarked, “We will continue to provide certain assistance… but we also now expect that other nations are going to help shoulder the financial burden,” highlighting the shared responsibility of international aid.
In summary, European nations have committed significant financial support for the reconstruction of Syria following years of war. With a current pledge of nearly $6.5 billion, efforts will focus on supporting the new government and rebuilding infrastructure. The international community, including the U.S. and EU nations, is poised to share the financial responsibilities of reconstructing a war-torn Syria and addressing the humanitarian crisis faced by millions.
Original Source: allisrael.com
