Doha: In a significant move aimed at rejuvenating the Syrian Arab Republic’s economy, the State of Qatar and the Kingdom of Saudi Arabia have pledged to settle Syria’s outstanding arrears to the World Bank Group, amounting to approximately USD 15 million. This announcement was made as part of ongoing efforts by both nations to accelerate Syria’s economic recovery, following recent discussions during the High-level Roundtable on Syria at the 2025 WBG/IMF Spring Meetings.
According to Qatar News Agency, this joint commitment by Qatar and Saudi Arabia is expected to facilitate the resumption of the World Bank Group’s support and operations in Syria, after a suspension that has lasted more than fourteen years. The clearance of arrears will enable Syria to regain access to financial support for the development of critical sectors and benefit from technical assistance aimed at institutional rebuilding, capacity development, and policy reform.
The statement also calls upon international and regional financial institutions to promptly resume and expand their development engagement in Syria. Qatar and Saudi Arabia urge these institutions to enhance their efforts to improve the lives of the Syrian people, helping to realize their aspirations for a future characterized by opportunity and well-being, and thereby contributing to the broader stability and prosperity of the region.