(MENAFN) The IMF said Monday that Syria’s economy is showing signs of recovery, with the new administration maintaining tight fiscal and monetary policies to support economic and financial stability.

"A staff team from the International Monetary Fund (IMF), led by Ron van Rooden, visited Damascus from November 10–13, 2025, to discuss the authorities’ fiscal and financial sector reform priorities, as well as supporting technical assistance activities," the IMF said in a statement.

Van Rooden highlighted that the Syrian economy is displaying improving prospects, reflecting rising consumer and investor confidence, Syria’s gradual reintegration into regional and global markets as sanctions are lifted, and the return of more than one million refugees.

"The authorities have been able to adopt a tight fiscal and monetary stance within the many constraints they face, with a view to ensuring economic and financial stability," he said.

Following discussions with Syrian officials, the IMF announced it will provide "extensive" technical assistance to strengthen fiscal management, including improving public financial management and revenue administration, finalizing new tax legislation, and developing a strategy to address Syria’s legacy debts and enhance debt management.

To support a monetary policy framework that ensures low and stable inflation, the IMF will offer technical assistance for new financial sector legislation and regulation, the rehabilitation of payment and banking systems, and capacity-building at the Central Bank to implement monetary policy and supervise the financial sector.

Van Rooden emphasized the importance of reliable economic data, noting that technical assistance will focus on improving statistics and paving the way for the resumption of Article IV consultations with Syria—the last of which was conducted in 2009. Under Article IV, the IMF assesses member countries’ economic health and helps prevent future challenges.

He added that the visit reaffirmed the IMF’s commitment to support Syria in rehabilitating its economy and key institutions.

The Syrian civil war ended last December after Bashar al-Assad, who had led the country for nearly 25 years, fled to Russia, ending the Baath Party regime. Since the formation of a new government under President Ahmed Al-Sharaa, Syria has pursued political and economic reforms, promoted social cohesion, expanded regional and international cooperation, and implemented measures to attract foreign investment.

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