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German Bank resumes Syria operations
The German Development Bank (KfW) announced the resumption of its presence in Syria starting from August, making it the first German banking institution to return to the country since the outbreak of war in 2011. The bank’s office in Damascus will manage development and humanitarian programs focused on infrastructure rehabilitation, improving water and health services, and supporting returnees and displaced persons, with a budget of nearly 580 million euros. This step comes as part of Germany's efforts to support reconstruction and strengthen stability in Syria, with continued funding through the United Nations and non-governmental organizations, without providing direct funding to the Syrian government.
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