EU Commits €2.5 Billion to Support Syria’s Recovery and Transition

The EU has pledged nearly €2.5 billion for Syria’s transition and recovery for 2025 and 2026. Funding includes €720.5 million for 2025 and €600 million for 2026, with significant allocations for refugees in neighboring countries. The conference emphasized the need for Syrian-led recovery initiatives and coordination among international partners.

On Monday, European Commission President Ursula von der Leyen announced a significant commitment of nearly €2.5 billion for Syria’s transition and socio-economic recovery for the years 2025 and 2026. This declaration was made during the Brussels Conference, “Standing with Syria: Meeting the Needs for a Successful Transition,” which included participation from Syria’s transitional authorities and was hosted by the European Union.

For the year 2025, the European Union has increased its financial pledge from €560 million to €720.5 million. This expansion aims to provide additional support to the Syrian population, Syrian refugees, and vulnerable host communities in Lebanon, Jordan, and Iraq. Furthermore, the EU has allocated €600 million for 2026 for these nations and has pledged €1.1 billion for Syrian refugees and vulnerable communities in Turkiye for both years.

The conference focused on enhancing coordination and efficiency among global partners and UN agencies, promoting a recovery effort that prioritizes a Syrian-led and owned approach. Syrian Foreign Minister Asaad Al-Shibani emphasized the need for lifting sanctions and investing in reconstruction, asserting that “the stability of Syria positively impacts the stability of the region and the world.”

In conclusion, the European Union’s commitment of €2.5 billion for Syria reflects a strategic effort to support the country’s transition and socio-economic recovery. The increase in financial pledges indicates the importance placed on aiding not only Syria but also neighboring nations hosting Syrian refugees. The conference further underscores the necessity for a coordinated international approach to recovery that is led by the Syrian people, while addressing regional stability concerns.

Original Source: shafaq.com