The Central Bank of Syria and the Damascus Chamber of Commerce Discuss Strengthening Partnership to Drive Economic Recovery
The Governor of the Central Bank of Syria, Dr. Abdul Qadir Al-Hosriya, discussed during his meeting with the President and members of the Board of Directors of the Damascus Chamber of Commerce ways to enhance cooperation between the banking and commercial sectors, as part of supporting the economic recovery process in the country.
Al-Hosriya emphasized the pivotal role of the private sector at this stage, considering it the "cornerstone of recovery," and affirmed that "the Syrian economy will continue to improve steadily." He also praised the role of the Damascus Chamber of Commerce, describing it as "a fundamental pillar in the economic recovery process of Syria, given its rich history, great value, and distinguished national and commercial initiatives."
Al-Hosriya confirmed the necessity of revitalizing the economy by encouraging individual and investment initiatives, stating: “We believe in a prosperous economy, and we welcome traders and businessmen to create wealth, as this serves the interest of the entire nation, unlike the socialist approach that shackled the country's economy for many years and burdened the people with negative practices that harmed its capabilities.”
He clarified that the future of Syria depends on the cooperation of all parties, with the necessity for the "private sector to take its natural role as a fundamental supporter of the economy." He also pointed out that "the process of building starts from each individual through their own project."
This meeting comes as part of a series of government efforts aimed at strengthening the partnership with the private sector, which is considered the main driver of economic activity, through measures aimed at supporting investment and providing facilities for traders and industrialists within the recovery and reconstruction plan.
