Achim Steiner, the United Nations Development Programme (UNDP) Administrator,stated in a report that “Beyond immediate humanitarian aid, Syria’s recoveryrequires long-term investment in development to build economic and socialstability for its people.”
According to the report, with Syria’s current annual economic growthrate of about 1.3% between 2018 and 2024, “its GDP will not return to 2010levels until 2080, nearly 55 years from now.”
The UNDP examined the pace of growth required for Syria’s GDP to returnto its 2010 level and the rate needed to reach where the economy could havebeen without the war.
A more ambitious scenario, in which Syria’s economy reaches the level itcould have attained without the war, would demand growth of 21.6% per year fora decade, 13.9% per year for 15 years, or 10.3% per year for 20 years.
Abdallah Al-Dardari, UNDP Assistant Administrator and Director of theUNDP Regional Bureau for Arab States, said only a “comprehensive strategy,”including governance reforms and infrastructure rebuilding, could allow Syriato “regain control over its future” and “reduce reliance on external aid.”
Read More Details
Finally We wish PressBee provided you with enough information of ( Syria needs +50 years to recover to pre-war economy, UN report )
Also on site :