Saudi Arabia and Qatar Commit to Settling Syria’s Arrears to the World Bank
- SAUDI ARABIA BREAKING NEWS
- 3 hours ago
- 2 min read
Riyadh, April 27 (Saudi Arabia Breaking News) – The Kingdom of Saudi Arabia and the State of Qatar have jointly announced their commitment to settle Syria’s outstanding arrears to the World Bank Group, totaling approximately $15 million.
In a joint statement released today, the two countries emphasized that this decision reflects their ongoing efforts to support and accelerate the recovery of the Syrian Arab Republic’s economy. The announcement follows discussions held during the High-level Roundtable on Syria on the margins of the 2025 World Bank Group/International Monetary Fund Spring Meetings.
The statement read: "In continuation of the ongoing efforts by the Kingdom of Saudi Arabia and the State of Qatar to support and accelerate the recovery of the Syrian Arab Republic’s economy, and in light of recent discussions held during the High-level Roundtable on Syria on the margin of the 2025 WBG/IMF Spring Meetings, the ministries of finance in the Kingdom of Saudi Arabia and the State of Qatar jointly announce their commitment to settle Syria's outstanding arrears to the World Bank Group, totaling around $15 million."
This financial commitment is expected to pave the way for the World Bank Group to resume its operations and support in Syria, ending a suspension of more than 14 years. It will unlock near-term access to financial support for the development of critical sectors and facilitate the provision of technical assistance aimed at institutional rebuilding, capacity development, and policy formulation and reform.
Saudi Arabia and Qatar called upon international and regional financial institutions to promptly resume and expand their development engagement in Syria. They emphasized the importance of strengthening efforts, within their respective mandates, to improve the living conditions of the Syrian people and contribute to broader regional stability and prosperity.
The move is part of broader regional initiatives to reintegrate Syria into international and regional development frameworks, advancing a vision of long-term economic recovery and stability.
