World Bank pledges support for Syria's recovery during Damascus visit

A senior World Bank delegation has concluded a significant visit to Damascus, signaling the international financial institution's commitment to supporting Syria's recovery efforts amid the country's ongoing political and economic transition. The high-level mission, led by World Bank Vice President for the Middle East and North Africa Ousmane Dione, engaged in substantive discussions with Syrian officials about priority sectors and implementation strategies for development assistance.

High-Level Government Meetings

The World Bank delegation conducted meetings with senior Syrian officials including President Ahmed Al-Sharaa, Foreign Minister Asaad Al-Shaibani, and Finance Minister Mohamad Yisr Barnieh. These discussions built upon conversations initiated during the World Bank Group Annual Meetings held in Washington DC last October, focusing on strengthening the institution's partnership with Syria's government and accelerating program implementation to benefit the Syrian people.

Support for Economic Reforms

The World Bank acknowledged the Syrian government's efforts to revitalize the national economy while maintaining economic stability under challenging circumstances. The delegation noted important initiatives including fiscal and financial policy measures, along with reforms in public finance management and tax policy designed to attract foreign investment. The bank's reengagement strategy emphasizes supporting basic service provision, strengthening public institutions, and enabling transformative infrastructure development.

Commitment to Sustainable Recovery

Vice President Dione emphasized the World Bank Group's readiness to "support Syria's journey toward recovery and inclusive growth," noting that their approach combines rigorous analysis, global experience, and strategic partnerships. The delegation explored technical assistance opportunities across various sectors, reaffirming the institution's commitment to working with government authorities, development partners, and local communities to establish foundations for sustainable recovery and tangible development improvements that align with the government's priorities.