Delegation: Syria Arab Republic Forum: General Assembly 2nd Committee Issue: The Role of Microcredits in Promoting Economic Development

The delegation of the Syrian Arab Republic fully acknowledges the important role that microcredits play in promoting economic development, especially in poorer, less economically stable countries.

The Syrian Arab Republic has been accepting microcredit loans from the United Nations Relief and Works Agency (UNRWA) since 2003 with demand having steadily risen. Since Syria’s growing economical instability as a result of the Syrian civil war dating back to 2011, the ...