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EconomySyria News

A report by The Washington Post highlights the danger of the economic crisis in Syria.

February 9, 2025218 ViewsRead Time: 2 minutes
A report by The Washington Post highlights the danger of the economic crisis in Syria.
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According to a report by The Washington Post published on 08/02/2025, Syrian President Ahmed Al-Shar'a and his government are facing significant challenges in achieving economic and political stability. The state treasury is nearly empty, and overcoming the economic crisis is directly linked to foreign aid, which is still restricted due to sanctions imposed on the country. The newspaper mentioned that the destruction caused by the 13-year war in Syria led to a major collapse in various service sectors, especially in the electricity sector after Iran halted oil supplies following the fall of the Assad regime. According to the World Bank, the Syrian economy has declined by 85% during the war years, and over 80% of the population currently lives below the poverty line. The Washington Post stated, according to experts, that the current government must take urgent measures to accelerate energy production to avoid Syrian public discontent. However, given the poor state of the treasury and weak supplies, the government is unable to make any service and economic progress in the absence of external aid, which is conditional on lifting the sanctions on Syria. Although the United States has suspended some sanctions to facilitate humanitarian aid access after Assad's fall, it is still waiting for the new government to prove that it prioritizes democratic standards and minority inclusion before lifting all imposed restrictions, primarily targeting the banking sector in Syria.
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