Posted By Global Banking and Finance Review
Posted on March 27, 2025
ROME (Reuters) - Italy has earmarked some 68 million euros ($73.20 million) to finance humanitarian projects and rebuild infrastructure in Syria, Rome's foreign minister told lawmakers on Thursday, saying it was crucial to support the transition in Damascus.
The Hayat Tahrir al-Sham (HTS) rebel group seized power in Syria in December, toppling former president Bashar al-Assad and ending decades of authoritarian rule.
"An initial package has been earmarked for humanitarian initiatives in the hospital and health sector, in infrastructure, and in strengthening food supply chains," Foreign Minister Antonio Tajani told a parliamentary hearing.
"New cooperation projects will start in the coming weeks. And we also intend to organise a business forum aimed at reconstruction," he added.
Earlier this month, donors at a European Union-led conference pledged 5.8 billion euros to help Syria's new authorities with the challenges of the transition.
EU countries have also suspended a range of sanctions against Syria, including restrictions related to energy, banking, transport and reconstruction.
The new authorities this month issued a constitutional declaration that retains a central role for Islamic law in the country.
Tajani said the constitutional declaration represented a "positive step" and a "progressive and cautious" easing of sanctions should continue to foster institutional consolidation and economic recovery.
($1 = 0.9289 euros)
(Reporting by Angelo Amante, editing by Alvise Armellini and Sharon Singleton)
