US EditionSaudi Arabia plans to pay off Syria's World Bank debts, Reuters reports
- Saudi Arabia plans to pay off Syria's debts to the World Bank, allowing for reconstruction aid and support for the public sector, according to sources familiar with the matter.
- This would be the first known financing from Saudi Arabia for Syria since the ousting of former leader Bashar al-Assad last year.
- World Bank officials met with Syria's Finance Minister Mohammed Yosr Bernieh to discuss strengthening financial ties, as reported by the Syrian state news agency Sana.
- Syria is preparing to send a high-level delegation to the upcoming IMF and World Bank meetings in Washington, D.C., marking the first such visit in at least two decades.
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Syria receives millions in aid from Saudi Arabia
An infographic from the center published in Syrian media, detailed that the total number of projects implemented in Syria amounted to 370 since the beginning of its humanitarian presence, and include relief action, education, health, water and other sectors. Food security and agricultural projects topped the list with 103 projects, with a total funding volume of approximately $133 million, followed by 60 projects in the health sector, with a tot…
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Total News Sources50
Leaning Left6Leaning Right5Center9Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 30%
C 45%
R 25%
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