1.5% .. World Bank Predicts GDP Growth in Syria

The World Bank predicted a 1% growth in Syria's GDP this year, after a 1.5% contraction in the previous year 2024.

Reuters quoted the World Bank group as saying in a statement today: "Sanctions relief offers some promising opportunities, but progress remains limited as assets remain frozen and access to international banking services is restricted, hindering energy supplies, external aid, humanitarian support, trade, and investment.

Last month, the World Bank approved a $146 million grant to improve electricity supplies and support economic recovery in Syria.

On July 1, US President Donald Trump issued an executive order converting the temporary freeze of sanctions imposed on the financial and banking sector in Syria into a permanent lift.

Syrian Finance Minister Mohammed Yasar Berriah affirmed that this is a significant and important step that will have a positive impact on the Syrian economy.

Meanwhile, the Governor of the Central Bank of Syria, Abdul Qader Al-Husseini, considered this a historic opportunity to continue efforts to enhance transparency, institutional governance, and integrate the Syrian financial system into the international financial system.