Germany resumes aid for Syria for the first time in 10 years

German Chancellor Gerhard Schroeder spoke of granting Syria a loan of 27 million dollars in the framework of resumption to the German financial aid to Syria which stopped since 10 years.

He added in concluding his discussions with the Syrian President Bashar al-Assad and prime minister Mustafa Miro that the imposed German veto on projects of the European bank for investment was lifted to help Syria, thus allowing granting 63.7 million dollars immediately. He said that the cooperation is to begin as soon as the signing of the agreement concerning the Syrian debts is done.

Diplomatic sources said that the agreement comprises scheduling the Syrian debt payments which are nearly estimated at a billion dollar along 20 years.