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.
The United States delivered a pointed assessment at the UN Security Council Thursday, accusing the Assad regime of having "permitted or turned a blind eye" to Hezbollah's activities and captagon trafficking networks, allowing the Iran-backed group to "sow destruction in Syria and across the region."
Syria has formally recognised Morocco's full sovereignty over the Western Sahara, Syrian Foreign Minister Asaad al-Shaibani announced Thursday during his first official visit to Rabat since the formation of President Ahmad al-Sharaa's transitional government.
DP World Chairman Essa Kazim met with Syria's General Authority for Borders and Customs chief Qutaiba Ahmed Badawi to review progress on the Port of Tartous development, a flagship $800 million project that is rapidly becoming a cornerstone of Syria's economic recovery.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.
