Syria needs new economic plan

Published September 12th, 2004 - 02:00 GMT
Al Bawaba
Al Bawaba

Syria needs investments of $50 billion during the upcoming ten years to confront decreased growth rates and productivity and growing unemployment.  

 

Updated studies indicate that 4 million of those able to work in Syria do not participate in the productivity process or the development. They constitute 45% of the Syrian manpower.  

 

Press reports indicated that the value of investments under law No. 10 since its issuance in 1991 amounted just to 30% of the $8 billion, which were supposed to be invested in a natural manner. This means that Syria’s plans need to be reviewed. According to ONA, it also needs an economic plan able to achieve an economic growth that exceeds 6% per year. (menareport.com)

© 2004 Mena Report (www.menareport.com)