Saudi Arabia and Qatar announced on Sunday that they will jointly settle Syria’s outstanding debt to the World Bank, amounting to approximately $15 million.
World Bank Group president Ajay Banga © Tolani Alli/WB
Saudi Arabia and Qatar announced on Sunday that they will jointly settle Syria’s outstanding debt to the World Bank, amounting to approximately $15 million.
According to a joint statement published by Saudi Arabia’s official news agency (SPA), the finance ministries of both countries confirmed their commitment to cover Syria’s arrears.
"The Ministries of Finance of the Kingdom of Saudi Arabia and the State of Qatar jointly announce their commitment to settle Syria’s arrears to the World Bank, amounting to approximately $15 million," the statement read.
The move comes as part of broader regional efforts to support Syria’s gradual reintegration into the international community after years of isolation following its civil war.
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