Damascus, Dec. 14 (SANA) Economists convened in Damascus to examine key strategies for Syria’s economic recovery one year after its liberation. The session focused on the need for comprehensive rehabilitation, the impact of lifting sanctions, and the critical role of attracting global investment to revitalize the economy.
Karam Shaar, a political analyst and economist, discussed Syria’s shift from a closed economic model to one favoring openness and liberalization. He emphasized the need for a coherent economic vision, focusing on social support for vulnerable groups, equitable income distribution, and sustainable growth.
Jassem Al-okla , an associate professor of finance at Anglia Ruskin University, discussed the crucial role lifting economic sanctions would play in reintegrating Syria into regional and global markets. He noted that rejoining the SWIFT system would streamline financial transactions, opening investment opportunities for foreign companies and boosting Syria’s global economic ties.
Al-Okla also highlighted the challenges Syria faces in reforming its financial and banking systems, urging the modernization of regulations and rehabilitation of the banking sector.
Economist Manaf Qouman outlined the key priorities for economic reform, emphasizing the revitalization of Syria’s agricultural sector, which remains a cornerstone of its economy. He also advocated for stronger support for small and medium-sized enterprises, protection of domestic industries, and greater focus on investing in rural areas, not just major cities.
As Syria moves forward, experts agreed that recovery will depend on a coordinated approach involving both the government and the private sector. Strategic investments in key industries, along with a unified economic policy, are essential for fostering sustainable growth and ensuring long-term stability.
