Latest news with #ParisConferenceonSyria
Asharq Al-Awsat
28-04-2025
- Business
- Asharq Al-Awsat
Riyadh, Doha to Pay Back Syria's Debt to World Bank
Saudi Arabia and Qatar said Sunday they will pay Syria's outstanding arrears of around $15 million to the World Bank. A joint statement by the finance ministries of Saudi Arabia and Qatar said the decision to pay Syria's debt to the World Bank was made during this month's meetings in Washington by the World Bank and IMF. Syria's Foreign Ministry thanked the two countries for paying the debt, saying it opens the way for activating cooperation toward recovery and reconstruction. The joint Saudi-Qatari statement said the payment of Syria's loans will facilitate the resumption of World Bank support and activities in Syria that have been stalled for more than 14 years. The statement added that the loan payment will allow Syria to take allotments from the World Bank in the near future for 'vital sectors.' Both countries also called on "international and regional financial institutions to promptly resume and expand their development engagement in Syria." In a reflection of Riyadh's continued support for Syria's stability and economic recovery, Saudi Finance Minister Mohammed AlJadaan has issued a joint statement with Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, and Ajay Banga, President of the World Bank Group (WBG), saying 'priority will be given to efforts to meet the critical needs of the Syrian people, institutional rebuilding, capacity development, policy reforms, and the development of a national economic recovery strategy.' The statement that was issued on Thursday on the sidelines of the 2025WBG/IMF Spring Meetings in Washington, said the three sides co-hosted a high-level roundtable for Syria, bringing together the Syrian authorities, finance ministers and key stakeholders from multilateral and regional financial institutions, as well as economic and development partners. "Building on earlier discussions –including at the Paris Conference on Syria (February 13), the Al Ula roundtable on February 16, and Brussels IX conference (March 17)— this event provided a platform for the Syrian authorities to present their ongoing efforts to stabilize and rebuild their country, reduce poverty, and achieve long-term economic development,' said the statement.
Saudi Gazette
27-04-2025
- Business
- Saudi Gazette
Saudi Arabia, IMF, and World Bank back Syria's economic recovery plan at 2025 Spring Meetings
Saudi Gazette report WASHINGTON — Saudi Finance Minister Mohammed Al-Jadaan, IMF Managing Director Kristalina Georgieva, and World Bank Group President Ajay Banga issued a joint statement on Syria during the 2025 Spring Meetings of the World Bank and the International Monetary Fund. Building on earlier discussions at the Paris Conference on Syria, the AlUla Roundtable, and the Brussels 9 Conference, the meeting provided the Syrian government an opportunity to present its efforts to stabilize and rebuild the country, reduce poverty, and promote long-term development. Participants acknowledged the urgent challenges facing Syria's economy and affirmed their collective commitment to supporting the government's recovery initiatives. Priorities include addressing the immediate needs of the Syrian people, rebuilding institutions, strengthening capacities, reforming economic policies, and developing a national recovery strategy. The World Bank and the IMF called for support consistent with their mandates, coordinating closely with multilateral and bilateral meeting welcomed efforts to help Syria reintegrate into the international community, secure resources for early recovery and reconstruction, foster private sector growth, create job opportunities, and promote good governance and transparency to build effective institutions that serve the Syrian people.
Asharq Al-Awsat
26-04-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, IMF, World Bank Stress Int'l Commitment to Syria's Economic Recovery
Saudi Finance Minister Mohammed Al-Jadaan, International Monetary Fund (IMF) Managing Director Kristalina Georgieva, and World Bank Group (WBG) President Ajay Banga stressed on Friday their commitment to Syria's economic recovery. Meeting on the sidelines of the 2025WBG/IMF spring meetings in Washington, they co-hosted a high-level roundtable for Syria, bringing together the Syrian authorities, finance ministers, and key stakeholders from multilateral and regional financial institutions, as well as economic and development partners. 'Building on earlier discussions – including at the Paris Conference on Syria (February 13), the AlUla roundtable on February 16 and Brussels IX conference (March 17) — this event provided a platform for the Syrian authorities to present their ongoing efforts to stabilize and rebuild their country, reduce poverty, and achieve long-term economic development,' they said in a joint statement. 'There was broad recognition of the urgent challenges facing the Syrian economy and a collective commitment to support the authorities' efforts for recovery and development. Priority will be given to efforts to meet the critical needs of the Syrian people, institutional rebuilding, capacity development, policy reforms, and the development of a national economic recovery strategy,' it added. 'The IMF and WBG were called upon to play a key role in providing support in line with their mandates and reflecting shareholders' support, in close coordination with multilateral and bilateral partners,' it continued. 'We welcome the efforts to help Syria reintegrate with the international community and unlock access to resources, to support the authorities' policy efforts, address early recovery and reconstruction needs, and promote private-sector development and job creation,' read the statement. 'We also support the Syrian authorities' efforts to strengthen governance and increase transparency as they build effective institutions that deliver for the people of Syria.' 'We extend our gratitude to all participants for their valuable contributions and commitment to support efforts by the Syrian authorities to rebuild Syria and improve the lives of the Syrian people,' it stressed. The officials will convene again at the annual meetings of the IMF and WBG in October 2025 to monitor the progress achieved and harmonize global efforts in advancing Syria's economic-recovery and prosperity.
Jordan News
13-02-2025
- Politics
- Jordan News
FM participates in Paris Conference on Syria - Jordan News
FM participates in Paris Conference on Syria Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi will participate on Wednesday in the Paris Conference on Syria hosted by France. اضافة اعلان The conference is a continuation of the "Aqaba Meetings" on Syria held in Jordan on December 14, 2024, and the Riyadh Meetings on Syria held in Saudi Arabia on January 12, 2025. Safadi will also hold a number of bilateral meetings with his participating counterparts on the sidelines of the conference.
Ammon
13-02-2025
- Politics
- Ammon
FM participates in Paris Conference on Syria
Ammon News - Deputy Prime Minister and Minister of Foreign Affairs and Expatriates Ayman Safadi will participate on Wednesday in the Paris Conference on Syria hosted by France. The conference is a continuation of the "Aqaba Meetings" on Syria held in Jordan on December 14, 2024, and the Riyadh Meetings on Syria held in Saudi Arabia on January 12, 2025. Safadi will also hold a number of bilateral meetings with his participating counterparts on the sidelines of the conference.
