The Syrian government is using its many remaining allies of the emerging world to try to reduce the financial constraints weighing on it.
The editor-in-chief of The Syria Report, Jihad Yazigi, recently spoke at a conference organised in London by the London School of Economics, "Inside Syria: 18 Months On," of the economic background and implications of the Syrian uprising.
Price levels in Syria vary enormously depending on where one lives, on the intensity of the violence in that area, on the ease of distributing and transporting goods there or on its political or strategic importance for the central government. Thus while inflation officially stood at around 36 percent in June, this should be read only as a broad indicator rather than a reflection of the actual levels of inflation across the country.
It took almost a full year before Aleppo, Syria’s second largest city by population, became an active part of the popular uprising that began engulfing the country in March 2011; but when it did, events very quickly took a violent turn. This summer has seen thousands killed in armed clashes and bombings, more than 200,000 inhabitants are estimated to have fled the city and several districts are being levelled under daily bombardment. ‘Normal life’ is at an almost total standstill throughout the metropolis.
Although now is apparently the time for destruction in Syria, hopefully, the time for reconstruction is not far off. While it is difficult to estimate the actual cost of the damage inflicted to the country’s physical infrastructure by more than 16 months of a popul ar uprising — most of the destruction having actually occurred after the summer of 2011 — the Syrian National Council (SNC), which is considered by Western nations as their main interlocutor in the opposition, recently estimated that Syria would need some $12 billion in immediate financial support in the first six months after a potential fall of the regime.
April 19, 2012 - Syria News Blog: A Roundup of Key International Reportage & Commentary
April 12, 2012 - Syria News Blog: A Roundup of Key International Reportage & Commentary
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