Syria: 2027, a Year of "Trust" Testing

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Syria is preparing to enter 2027 and face "banking confidence challenges," relying on a $100 million grant from the World Bank to modernize the financial sector, develop payment systems, and activate the monetary policy of the Central Bank of Syria. Damascus has agreed with the World Bank Group to establish a multi-donor trust fund, a financial pool into which several countries and institutions will contribute funds, managed by a single entity, …