Tuesday, 02 January 2024 12:17 GMT

World Bank Delegation Visits Syria to Strengthen Development


(MENAFN) A World Bank Group delegation traveled to Syria on Wednesday to enhance discussions aimed at supporting the nation’s development priorities and recovery initiatives, according to a statement released on Thursday.

The delegation, led by Vice President for the Middle East, North Africa, Afghanistan, and Pakistan region Ousmane Dione, held meetings with Syrian President Ahmed Al-Sharaa, Minister of Foreign Affairs and Expatriates Asaad Al-Shaibani, and Minister of Finance Mohamad Yisr Barnieh.

"Building on discussions held during the World Bank Group Annual Meetings in DC last October, the delegation meetings in Damascus focused on strengthening the World Bank’s partnership with Syria, defining priority sectors of support to the people of Syria and accelerating program implementation," the World Bank statement said.

The statement highlighted that the delegation valued the government’s efforts to rejuvenate the economy while sustaining economic and financial stability amid exceptional conditions. It also mentioned key measures, including fiscal and financial policies, along with reforms in public finance management and tax policy.

According to the statement, the World Bank’s renewed engagement strategy in Syria centers on supporting basic service delivery, fortifying public institutions and systems, and facilitating transformative infrastructure development.

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