On 16 October, the European Commission released a new Financial Tracking Report which tracks the progress of donor funds against their pledges made at the 4th Brussels Conference on ‘Supporting the Future of Syria and the Region’ on 30 June 2020.
This year’s Conference, hosted by the EU and co-chaired with the UN, generated pledges totalling USD 13.8 billion (€ 12.4 billion) in grants and loans, demonstrating the continued commitment of international donors to address the consequences of the Syrian crisis.
It details that as of 31 August 2020, international donors had contributed USD 5 billion (€ 4.5 billion) in grants to Syria and the region in 2020, which already exceeds the total grant pledge for 2020. In addition, donors had already contributed USD 1.7 billion (€ 1.5 billion or 85%) of their pledged grants for 2021 and in terms of new loan funding pledged, USD 0.9 million (€ 0.8 billion or 14%) had already been committed.
This newly released report is the 10th Financial Tracking Report in total produced to track the financial pledges made at the Brussels Syria crisis conferences since 2016.