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Syria seeks to revive cooperation with the Monetary Fund and the World Bank in Spring meetings economy

manhattantribune.com by manhattantribune.com
20 April 2025
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Syria seeks to revive cooperation with the Monetary Fund and the World Bank in Spring meetings economy
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The Syrian Ministry of Finance told Al -Jazeera that Minister Mohamed Yusr Burniyah and the governor of the Central Bank of Syria, Abdul Qadir Al -Huzar, will participate in the meetings of the Monetary Fund and the World Bank in Washington.

The Syrian Press Agency (SANA) quoted Finance Minister Mohamed Youser Burniyah as saying that the aim of participating in the meetings that Syria will hold with the Monetary Fund and the World Bank is to “revive cooperation with international financial institutions, open channels of technical support and capacity building.”

Burniyah described the meetings to be held with the Monetary Fund and the World Bank as “technical meetings”, and comes within the framework of several meetings that Syria will hold, in a way that serves economic and financial reform programs and the interests of Syria.

Last week, the Minister of Finance held discussions with a technical delegation specialized in the financial and critical sector of the World Bank, and the talks included ways to enhance financial relations, and to develop and modernize the various fields of work in Syrian banks.

Economic recovery

In the context, the Assistant Secretary -General of the United Nations Development Program, Abdullah Al -Dardari, stressed the need to launch the process of economic recovery in Syria without waiting for the penalties to be lifted from them, calling for “quick results” that reflects on the Syrian daily lives.

The French Press Agency quoted Al -Dardari as saying on the sidelines of his visit to Damascus that the sanctions are among the most prominent challenges facing the new authorities in the construction and reconstruction process after the overthrow of the Assad regime.

Al -Dardari said that the lifting of sanctions is “something we must work on, and at the same time we must start the process of economic recovery even in light of the sanctions.”

https://www.youtube.com/watch?v=spncqytq4k0

He added that “waiting for the lifting of sanctions will not work. We must work in parallel,” continuing, “when the clear plan and clear priorities are available, and when the sanctions are lifted, the financing will be flowing on Syria.”

The Syrian authorities, led by President Ahmed al -Shara, repeated the call to lift the sanctions imposed during the era of the Bashar al -Assad regime, in order to revive the exhausted economy as a result of the conflict.

Some parties, including the United States and the European Union, reduced some of these sanctions.

Tags: BankcooperationeconomyFundmeetings..monetaryreviveseeksspringSyria.world
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