World Bank estimates Syria's rebuilding costs at $250 billion amid conflict
What happened
During the 22nd Manama Dialogue, Syria's Minister of Foreign Affairs and Expatriates, Asaad al-Shaibani, stated that the World Bank estimates the cost of rebuilding infrastructure destroyed by war in Syria at approximately $250 billion. Al-Shaibani also accused Israel of pursuing a hostile approach against Syria and its people, citing thousands of airstrikes and ground actions.
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Why it matters
The World Bank's estimate quantifies the massive financial need for reconstruction in Syria. Al-Shaibani stressed that Syria is committed to diplomacy and negotiations to address the economic and development challenges facing the country during recovery.
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Who's involved
- SyriaThe country facing reconstruction needs and hostile actions.
- World BankThe international financial institution that provided the rebuilding cost estimate.
- Israeli Air ForceThe military branch accused by Syria of carrying out hostile actions and airstrikes.
- Asaad al-ShaibaniThe Syrian politician who presented the estimates and accusations at the dialogue.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- World BankSpeculative
The estimate might increase the market need for reconstruction funding.
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The entities involved
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Syria
country in West Asia
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World Bank
international financial institution
Related events
- Syrian government actions have recently drawn international scrutiny.
- Syria is working on a security agreement with Israel.
- Amnesty International condemns Israeli violations and incursions in Syria, urging diplomatic and economic pressure.
- Syria announced full cooperation with the IAEA and joined an international coalition against ISIS.
- Syria is seeking global financial reintegration, discussing investment and membership with J.P. Morgan, AIIB, and the World Bank.