The $400 billion challenge to rebuild Syria’s economy
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 10 December 2024
⏱️ 7 minutes
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Summary
From the BBC World Service: Estimates suggest Syria will need at least $400 billion — likely much more — to begin to address its shattered economy. So where will that money come from? We’ll discuss. Then, Israel’s Prime Minister Benjamin Netanyahu has taken the stand in his corruption trial and is facing charges of fraud, breach of trust and bribery. Plus, could European soccer be heading for a strike over its relentless match schedule?
Transcript
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| 0:00.0 | Syria faces a $400 billion challenge to rebuild after Assad's fall, live in the UK. |
| 0:07.9 | This is the Marketplace Morning Report from the BBC World Service. |
| 0:11.5 | I'm Leanna Byrne. Good morning. |
| 0:13.6 | We're going to begin in Syria and the enormous challenge it faces in rebuilding the economy. |
| 0:18.3 | After years of conflict, cafes, markets and bakeries are beginning |
| 0:22.6 | to reopen, but the question remains what sort of country will emerge following the overthrow |
| 0:27.6 | of President Assad's government. To get a sense of the scale of the task ahead, let's hear from |
| 0:32.3 | Arif Al-Kras, a Syrian researcher from Aleppo now based in Italy. |
| 0:39.6 | Rebuilding Syria will take decades. |
| 0:44.3 | Assad have left Syria in a crippled economy status. |
| 0:49.4 | I wish the sanction will be lifted since now regime is gone because it's going to affect the economy so badly. |
| 0:53.0 | That was Arif Al-Krez. |
| 0:54.8 | Estimates suggest Syria will need at least $400 billion, likely much more, |
| 1:00.3 | to begin rebuilding its shattered economy. |
| 1:02.5 | So where will that money come from? |
| 1:04.2 | Here's Robert Ford, the former U.S. ambassador to Syria. |
| 1:08.1 | The good news is they don't need the $400 billion or whatever the figure is right |
| 1:13.3 | away. I mean, it's over a period of time. They will get some funding from organizations like |
| 1:20.3 | the World Bank, probably currency and trade balance support from the IMF. Then they would also seek funding from different Arab Gulf states |
| 1:33.0 | and Arab Gulf financial institutions, Kuwait, for example, has a large economic assistance fund. |
| 1:42.5 | They'll look to the European Union. They'll look to the British. |
| 1:45.9 | They'll look to the Americans. They'll look to the Canadians. It's going to be hard. I cannot |
... |
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