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World Bank Clears Syria’s Debt, Unlocking Reconstruction Funding

Saudi Arabia and Qatar settle $15.5M arrears, enabling Syria to access grants and loans as U.S. signals sanctions relief.

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Overview

  • The World Bank announced that Syria’s $15.5 million arrears have been cleared, restoring its eligibility for reconstruction grants and loans.
  • Saudi Arabia and Qatar funded the debt repayment, signaling growing regional support for Syria’s post-conflict recovery.
  • The World Bank’s first project in reengagement with Syria will focus on improving electricity access, addressing critical infrastructure needs.
  • U.S. President Donald Trump and Secretary of State Marco Rubio indicated plans to lift sanctions and issue Caesar Act waivers to facilitate aid and investment.
  • The International Monetary Fund has appointed Ron van Rooden as Syria’s first mission chief in 14 years to assist in rebuilding financial systems and governance.