Three months after the civil war in Syria ended, the initial relief has turned into frustration as the country’s economy continues to collapse under the weight of decades of destruction. Despite the cessation of violence, the economy remains in ruins, with no immediate signs of recovery.
Devastating Economic Decline
During the war, Syria’s economy contracted by a staggering 85%. Exports have plummeted, the Syrian lira has lost most of its value, crashing from 50 to the dollar to nearly 11,000, and average wages no longer cover basic living expenses. More than 90% of Syrians are living below the poverty line.
The Struggles of Reform
Ahmed al-Sharaa, the new leader of Syria, has faced the impossible task of reviving the economy. His administration has attempted to liberalize the economy, overhaul the bureaucratic system, and attract foreign investment. However, these efforts have not been sufficient to reverse the economic downturn caused by years of war and sanctions.
A Call for Immediate Global Intervention
It is clear that Syria’s recovery cannot be achieved by lifting sanctions alone. The country needs significant and sustained foreign aid, direct foreign investment, and external expertise to stabilize its economy and lay the foundation for long-term growth. The international community, particularly the Arab League, must act swiftly to prevent Syria from spiraling into further chaos.
The Arab League is in a unique position to lead this charge by not only providing financial and material support but also offering critical research, intelligence, and policy guidance to help the Syrian government stabilize the country. If the international community fails to act now, Syria risks becoming a permanent breeding ground for terrorism and regional instability—threatening the global economy at large.
A Critical Moment for Syria’s Future
This is a pivotal moment for Syria. The global community must invest in the country’s recovery to prevent a return to failed state status. Without prompt action and robust support, Syria’s future may be lost—along with the chance to restore stability and prosperity to its people and the region.
Now the problem is not with the leadership and how the present leaders turn out would be wholly dependent on what kind of assistance and support they are able to access at this critical moment in the Nation’s journey.
