World Bank grants $175 million for agricultural modernization in Syria
What happened
The World Bank has launched the STAR project, a six-year initiative providing a $175 million grant to Syria for agricultural modernization. The project aims to increase farm output and improve food security by strengthening value chains and digital records. It will support crop and livestock production, agricultural cooperatives, and private-sector participation.
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Why it matters
The grant is designed to modernize the agricultural value chain in Syria. By supporting quality certification, improved inputs, and market access for products like olives and pistachios, the project aims to boost export-oriented production.
The agricultural sector in Syria is transitioning from recovery to investment, with support from international donors focused on modernizing production.
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Who's involved
- World BankProvides the $175 million grant for the agricultural modernization project.
- SyriaThe country receiving the grant to modernize its agricultural sector.
- Ahmad Al-AhmadProject director for the agricultural modernization initiative.
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.
- SyriaSpeculative
Syria's agricultural sector could see increased demand for improved inputs and better quality certification services.
Keep exploring
Part of
The agricultural sector in Syria is demonstrating a transition from recovery to investment, supported by international donors and focused on modernizing production.Also in this story
- The Ministry of Economy and Industry is driving economic recovery efforts in Syria.
- Syria and the UAE have signed a Memorandum of Understanding to pursue a joint agricultural initiative, utilizing Iraq as a transit route for Syrian farmer exports.
- Delegations met to discuss economic cooperation and investment opportunities in Syria, specifically involving the U.S. government and business sector.
- Amal for Relief and Development signed an MOU with the Fruit Association in Douma and the chamber of agriculture to support rural development.
The entities involved
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World Bank
international financial institution
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Syria
country in West Asia
Related events
- Federal government and World Bank provided funding for the ACReSAL project in Bauchi in 2022.
- World Bank provided a loan for rural development in Nueva Vizcaya, improving market access for farmers through a road project.
- The World Bank is discussing agricultural support and finalizing possibilities for attracting funds.