BFF-87Cost of Syria war destruction at $388 billion: UN

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Cost of Syria war destruction at $388 billion: UN

BEIRUT, Aug 8, 2018 (BSS/AFP) – 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 neighbouring Lebanon, hosted by the UN’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 (334 billion
euros).

It said the figure did not include “human losses resulting from deaths or
the loss of human competences and skilled labour 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.

Jihadist 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.

BSS/AFP/FI/ 2158 hrs