Saudi Arabia and Qatar announced Sunday they will jointly pay off Syria’s $15 million debt to the World Bank.
In a joint statement, the two nations said clearing Syria’s arrears would unlock financial support crucial for rebuilding key sectors.
They emphasized that the move would also provide Syria with technical assistance, helping to rebuild institutions and reform national policies.
Calling for swift action, both countries urged international financial bodies to expand development efforts and support Syria’s long-term recovery.
Damascus expressed deep gratitude, praising the initiative as a “generous brotherly act” aimed at easing the burdens of the Syrian people.
Syria’s Foreign Ministry stated that joint Arab cooperation remains the best path to overcoming the region’s mounting challenges.
The ministry said Syria is eager to deepen ties with Qatar and Saudi Arabia and forge effective partnerships for regional stability.
Earlier this week, Syrian officials participated in the IMF and World Bank Spring meetings for the first time in over two decades.
IMF chief Kristalina Georgieva affirmed the institution’s commitment to aiding Syria’s reintegration into the global economic system.
Syria has entered a new era following the flight of longtime ruler Bashar al-Assad to Russia in December.
The transitional government formed in January dissolved the Baath Party, the security forces, and the country’s aging political structures.
With the debt cleared and a new government in place, Syria now stands at the threshold of a fragile but hopeful recovery.