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Home » Blog » Saudi Arabia, Qatar to settle Syria’s outstanding debt to World Bank | Business and Economy News
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Saudi Arabia, Qatar to settle Syria’s outstanding debt to World Bank | Business and Economy News

Emily Davis
By Emily Davis
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Syrian delays to the World Bank total approximately $ 15 million.

Saudi Arabia and Qatar have announced that they will liquidate Syria’s debt with the World Bank for a total of approximately $ 15 million, according to a statement published by the Saudi press agency, in the last effort to help the magazines of a war.

Both states of the Gulf have played a key role in diplomatic dissemination to the new interim government of Syria since the leader of the leader of leader Bashar al-Assad in December.

“The finance mines in the kingdom of Saudi Arabia and the state of Qatar jointly announce their commitment to liquidate the pending arrears of Syria to the World Bank group, total around $ 15 million,” said the statement on Sunday.

He arrived a few days after the governor of the Central Bank of Syria and the Minister of Finance attended the International Monetary Fund and the World Bank Spring Meeting for the first time in more than 20 years.

The World Bank had suspended operations in Syria after the beginning of the war, which Bewan with an enlightened repression against prodemocratic protests lasted Arab spring in 2011. The settlement of the country’s delay will allow him to resume advice.

“This commitment will pave the way for the World Bank group to resume support and operations in Syria after a suspension of more than 14 years,” the statement said.

“Syria’s access will also unlock the financial support in the short term for the development of critical sectors.”

Al-Assad was expelled in a ray offensive by opposition combatants led by the Hay’et Tahrir Al-Sham armed group last December.

The new Syrian government has tried to rebuild the country’s diplomatic ties, even with international financial institutions. It also has the rich Arab states of the Gulf to play a fundamental role in financing the reconstruction of Syrian war infrastructure and relive its economy.

The government led by the interim president Ahmed al-Sharaa also wants to transition from the corrupt system that gave the privileged access of Al-Assad Lealist to government contracts and kept the key indies in the hands of the Al-Assad family.

Earlier this month, a United Nations official said that Syrian authorities should begin the economic recovery process, without waiting for western sanctions imposed under the Al-Assad rule.

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