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SYRIA

Syria has witnessed an unprecedented wave of protests over the past six months. The economic impact of the crisis already appears to be significant, with the tourism, financial and trade sectors being hit hardest. Prior to the crisis, Syria’s economic reform efforts had helped to strengthen its growth performance although external and domestic shocks, particularly the impact of the global financial crisis and prolonged drought, had adversely affected Syria’s macroeconomic performance. Syria’s GDP remains dependent on the oil and agriculture sectors, which are subject to fluctuating oil prices and rainfall. In light of deteriorating security in Syria, World Bank operational activity and missions to the country have been halted since March 2011.

Active financed activities as of March 28, 2012.
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