IMF reports Syrian economic recovery, pledges technical assistance

The International Monetary Fund has observed preliminary signs of economic recovery in Syria during a recent staff visit to Damascus, noting improved consumer and investor sentiment under the country's new administration. An IMF delegation led by Ron van Rooden conducted discussions with Syrian authorities from November 10-13, 2025, focusing on fiscal management and financial sector reforms as the nation emerges from years of conflict and international isolation.

Technical Assistance for Economic Reform

The IMF has committed to providing extensive technical support to help Syrian authorities strengthen their fiscal framework and develop an appropriate monetary policy structure. This assistance will target improvements in public financial management, revenue administration, and the finalization of new tax legislation. The fund also plans to help Damascus address legacy debts and enhance debt management capabilities while supporting the rehabilitation of payment and banking systems.

Monetary Policy and Institutional Capacity Building

A key focus of the IMF's engagement involves rebuilding the capacity of Syria's Central Bank to effectively implement monetary policy and supervise the financial sector. Van Rooden emphasized that reliable economic data remains scarce but is essential for formulating and monitoring economic policies. Technical assistance will therefore prioritize statistical improvements, which could eventually pave the way for resuming Article IV consultations with Syria, last conducted in 2009.

Post-Conflict Economic Context

The IMF assessment comes following significant political changes in Syria, including the establishment of a new government under President Ahmed Al-Sharaa after the conclusion of the civil war. The fund noted that Syria's gradual reintegration into regional and global economies, coupled with the return of over one million refugees and the lifting of some sanctions, has contributed to the improving economic outlook. Syrian authorities have maintained tight fiscal and monetary policies despite numerous constraints as they work to attract foreign investment and implement broader economic reforms.