Saudi Arabia will reportedly settle Syria’s $15B World Bank debts

Published 14/04/2025, 13:46
© Reuters.

Investing.com -- Saudi Arabia is set to pay off Syria’s outstanding debts to the World Bank, according to a Reuters report on Monday. This move will facilitate the approval of millions of dollars in grants for Syria’s reconstruction and aid for its stagnant public sector.

This plan, not previously disclosed, marks the first known instance of Saudi Arabia offering financial assistance to Syria since the overthrow of former leader Bashar al-Assad by Islamist-led rebels last year.

The move may also indicate that much-needed support from the Gulf Arab nations for Syria is starting to come through. Previous plans, like a Doha initiative to fund salaries, had been delayed due to uncertainties regarding U.S. sanctions.

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