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.
Saudi Arabia issued alerts on Thursday warning of potential danger in Yanbu, the kingdom's Red Sea oil export hub, as Yemen's Iran-aligned Houthis continue attacks on the kingdom that have opened another front in the US-Israeli war on Iran.
Saudi Arabia and Syria signed a cooperation agreement between the two countries' defense ministries on Wednesday, Saudi state news agency SPA reported, as Yemen's Iran-aligned Houthi group continues its missile and drone attacks on the kingdom.
Turkey's parliament is set on Wednesday to ratify a defence pact with Saudi Arabia and Pakistan that includes a collective defence clause, committing NATO's second-largest army to Riyadh's defence as it faces attacks by Yemen's Iran-backed Houthis.
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.
