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Syria News

Saudi Arabia, the IMF, and the World Bank confirm their support for recovery and development efforts in Syria.

April 25, 2025133 ViewsRead Time: 2 minutes
Saudi Arabia, the IMF, and the World Bank confirm their support for recovery and development efforts in Syria.
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During the "Spring Meetings 2025" in Washington, a high-level roundtable on Syria was held with representatives from the Syrian government, finance ministers, international and regional financial institutions, and development partners.

The meeting was a joint effort between the International Monetary Fund and the World Bank, where attendees discussed ways to support economic stability and reconstruction in Syria.

A joint statement was issued by Saudi Finance Minister Mohammed Al-Jadaan, IMF Managing Director Kristalina Georgieva, and World Bank Group President Agustin Carstens, reaffirming their commitment to supporting Syrian efforts for economic recovery and poverty reduction.

The statement highlighted that the Syrian government presented its plans during the meeting to enhance stability, reform policies, and develop a national strategy for long-term recovery.

The statement emphasized the consensus on addressing urgent economic challenges in Syria, prioritizing meeting the needs of the Syrian people, rebuilding institutions, and empowering the private sector.

The statement also called on the IMF and World Bank to provide technical and financial support in coordination with international partners, aligned with recovery priorities.

Participants welcomed efforts to reintegrate Syria into the international financial community, stressing the importance of enhancing governance and transparency to support sustainable development. They expressed gratitude to all parties for their commitment to supporting Syria in the reconstruction phase.

Syrian Finance Minister Mohammed Yasser Bernia described this support as a "significant step reflecting the efforts of Saudi Arabia and international financial institutions to support Syria's recovery and return to the global financial system," in a post on his LinkedIn platform.

It is worth noting that the parties agreed to monitor progress during the annual meetings of the World Bank and IMF scheduled for October 2025.

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