Why is the IMF betting on double-digit growth in Syria?
The figures announced on Aug. 4 by the IMF still need to reassure investors who remain hesitant in the face of a banking sector in need of reform and opaque governance.
The International Monetary Fund expects a more than 10% growth rate the from the Syrian economy in 2026, a figure announced following a five-day mission to Damascus in July. Yet this is nothing exceptional: post-conflict countries almost always experience such rebounds. The real question is not whether Syria is growing rapidly — it is, because it started from so low after 14 years of devastating civil war — but what this speed is built on, and what could slow it down.There are real, concrete signs of this recovery. Tourism jumped 111% in the first half of 2026, more than a year after the fall of the Assad regime in December 2024. Syria is self-sufficient in wheat for the first time since before the war. And in February, Damascus regained control of the oil fields in Syria's northeast, increasing its share of national production from...
The International Monetary Fund expects a more than 10% growth rate the from the Syrian economy in 2026, a figure announced following a five-day mission to Damascus in July. Yet this is nothing exceptional: post-conflict countries almost always experience such rebounds. The real question is not whether Syria is growing rapidly — it is, because it started from so low after 14 years of devastating civil war — but what this speed is built on, and what could slow it down.There are real, concrete signs of this recovery. Tourism jumped 111% in the first half of 2026, more than a year after the fall of the Assad regime in December 2024. Syria is self-sufficient in wheat for the first time since before the war. And in February, Damascus regained control of the oil fields in Syria's northeast, increasing its share of national production...
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