Syria and the European Investment Bank have agreed to launch a €100m special fund aiming at supporting Syrian municipalities.

According to the Kuwait News Agency, '[...] the loan will be provided within five years, and will be paid back over 25 years, adding that the European Commission will provide a grant to Syria to cover the interest of the loan dedicated to projects of environmental nature.'

According to the same news agency, the French Development Agency has also expressed interest in supporting municipal projects in the country.