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Contact information
Development cooperation, 12/8/2015

Syria Recovery Trust Fund

Description

Syria Recovery Trust Fund (SRTF) was launched at late 2013 and its trustee is the German Development Bank KfW. The SRTF is dedicated to financing the restoration and provision of essential public services and infrastructure while strengthening the resilience and improving the conditions of the Syrian population in areas primarily held by moderate opposition groups. It also aims to rebuild and enhance the capacity of the local institutions that provide such services. In practice the SRTF is Funding local level public sector community infrastructure programs, with priority focus on the water, health, electricity, education, food security, and waste/rubble removal sectors, and secondary considerations in the rule of law, agriculture, transportation, communication, public enterprise and housing sectors. It's amounts to 90 MEUR at the moment and it has a large project pipeline with 22 approved projects, valued at 47 MEUR so far. The operations have begun well and the management and risk management systems are robust. The operations are taken place at very high risk environment, practically on war zone. The Syrian Interim Government (SIG) of the Syrin Opposition Coalition (SOC) is directly engaged at the management of the fund, thus making the intervention political. Finland has acknowledged the SOC as one legitimate representative of Syrian people. Finland, Sweden and Denmark have jointly put together the 10 MEUR which is the threshold for acquiring a seat on the Steering Board. The Nordics rotate the seat every half a year. Finnish first installment was 3 MEUR in 2013 and now the 2nd installment is 3 MEUR as well.

Funding decision 12/8/2015

3 000 000 €

Target country

Syria

Objectives monitored by OECD's Development Assistance Committee

Participatory development/Good governance

Field of activity

Food aid/Food security programmes 40%
Basic drinking water supply and basic sanitation 30%
Electrical transmission/ distribution 30%

Type of aid

Contributions to specific-purpose programmes and funds managed by international organisations (multilateral, INGO)

Funding channel

Instituutiot

Contact

ali-10

Code for the object of funding

57300408

ID

UHA2015-024707

Created date

10/23/2015

Modified

12/11/2015

Case state

Contract
Contract process
Preparation of agreement

Case status

Pending

This document

Updated 8/30/2016

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