Saudi Arabia and Qatar to Repay Syria’s World Bank Debt

Saudi Arabia and Qatar to Repay Syria’s World Bank Debt

Saudi Arabia and Qatar have agreed to pay Syria’s $15 million debt to the World Bank, aiming to revive international support and reconstruction efforts in Syria after over a decade of war.

This decision came during recent World Bank and IMF meetings. The Syrian Foreign Ministry welcomed the move, noting it could kickstart cooperation for recovery.

Following the fall of Bashar Assad’s regime in December, both Gulf nations have supported Syria’s new leadership under HTS leader Ahmad al-Sharaa.

Although Western sanctions remain, the US and EU have recently eased some restrictions to allow limited economic activity, including in the energy and transport sectors.