MON 22 - 10 - 2018
 
Date: Aug 9, 2018
Source: The Daily Star
Cost of Syria war destruction at $388 billion: UN
Agence France Presse
BEIRUT: Seven years of relentless conflict in Syria have wreaked destruction that the United Nations said Wednesday had cost the country close to a whopping $400 billion.

The figure was released after a two-day meeting of more than 50 Syrian and international experts in neighboring Lebanon, hosted by the U.N.'s Economic and Social Commission for Western Asia (ESCWA).

ESCWA said the "volume of destruction in physical capital and its sectoral distribution" had been estimated at more than $388 billion.

It said the figure did not include "human losses resulting from deaths or the loss of human competences and skilled labor due to displacement, which were considered the most important enablers of the Syrian economy."

More than half of Syria's pre-war population has fled the country or been displaced internally over the past seven years.

Russia's 2015 military intervention helped a spectacular recovery by government forces, which have regained significant ground in recent months.

Extremists and rebel forces remain in some pockets, but with the military balance hugely in the regime's favour, efforts have already been shifting toward reconstruction.

ESCWA said a full report on the impact of the war was due out in September and that the updated estimates reached this week would help inform ongoing discussions on post-conflict Syria.


 
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