Saudi Arabia and Qatar announced on Sunday that they will settle the Syrian debt to the World Bank totaling about $ 15 million, according to a statement published by the Saudi Arabian press service.
Both Gulf states have played a key role in the diplomatic promotion of Syria’s new rulers from the removal of the long-term powerful Bashar al-Assad in December.
“The finance ministries in the kingdom of Saudi Arabia and the state of Qatari are jointly announcing their commitment to settle Syria’s excellent delays to the World Bank team, a total of about $ 15 million,” the statement said.
The statement came just a few days after the commander and the Syrian finance minister attended the IMF and World Bank for more than 20 years.
Much of Syria’s infrastructure has been destroyed by 14 years of war, which began with a bloody repression in protests in favor of democracy.
Assad was removed in an attack by Islamist rebels in December, and the new Syrian government sought to rebuild the country’s diplomatic links, including international financial institutions.
The World Bank suspended businesses in Syria when the war began. The settlement of delayed delays will allow for the repetition of access to financial support and technical advice of the bank.
“This commitment will pave the way for the World Bank team to resume support and businesses in Syria after suspended over 14 years,” the statement said.
“It will also unlock Syria’s access to financial support in the short term for the development of critical sectors.”
Syrian authorities are based on the rich Arabic Gulf states to play a central role in funding the reconstruction of their war and revive its economy.
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