Syrian Finance Minister Mohamed Yarir Burniyah discussed with a delegation of the World Bank ways of cooperation in rehabilitating priority sectors in the country.
This came during a meeting in Damascus, the first between the two sides since US President Donald Trump announced two days ago, to lift the sanctions on Damascus.
The official Syrian News Agency “SANA” said that the meeting, which was held at the headquarters of the Ministry of Finance in Damascus on Thursday, dealt with the most prominent contributions and technical support that the World Bank intends to provide to the country during the next stage.
She pointed out that the meeting witnessed a joint symptom of the vital sectors that will be subject to rehabilitation, under the supervision and coordination between the two sides.
Prior to Trump’s decision, international financial institutions could not provide financial support to Syria, in light of the sanctions imposed on Damascus.
On April 27, the Finance Ministries in Saudi Arabia and Qatar announced the payment of Syria’s arrears at the World Bank Group, which amounts to about 15 million dollars.
Lifting
On Tuesday, Trump announced during the “Saudi-American Investment Forum 2025” in Riyadh, his intention to lift the sanctions imposed on Syria.
Trump stressed that the goal of this “giving the Syrian people an opportunity to grow and develop.”
He explained that the decision came after consultations with the Saudi Crown Prince Muhammad bin Salman, and Turkish President Recep Tayyip Erdogan.
On Thursday, the US Treasury said that it is working with the Ministry of Foreign Affairs and the National Security Council to implement President Trump’s directives regarding the lifting of sanctions on Syria.
“We look forward to applying the necessary permits that will be decisive to bring new investments to Syria,” she added in a post on her account.
The Ministry of Treasury suggested that “its procedures may help rebuild the economy, the financial sector and the infrastructure in Syria, and can place the country on a bright, prosperous and stable future path,” according to the Anatolia Agency.
The results of lifting sanctions on Syria
In the context, the governor of the Central Bank of Syria, Abdelkader Hasari, confirmed that the Syrian people will touch the results of the lifting of US sanctions within a period ranging between 6 months and a year.
“We started working to prepare to activate the global transfer system Swift,” he said, explaining that reactivating it would facilitate export and reduce the prices of imports.
The governor of the Central Bank of Syria explained that the sanctions placed Syria outside and raised the global system is considered a very important event and a detailed moment, because “we will enable us to break the ban on the bank’s money and the state abroad,” according to the Syrian agency.
He stressed that work will be done according to the global standards of integration with the global financial system.
Against the background of the violations of the Bashar al -Assad regime and its massacres in the suppression of the revolution in Syria since 2011, the United States, the European Union and other countries, including Britain, imposed sanctions on Syria, which included freezing assets, stopping financial transfers, depriving technology, and prohibiting dealing with its system.
Since the overthrow of the Assad regime, the new Syrian administration, led by Ahmed Al -Shara, has been calling for the lifting of these sanctions, because it hinders the reconstruction efforts.
