Saudi Arabia and Qatar to pay back Syria's debt to the World Bank

Published on: Sunday 27 April 2025

Saudi Arabia and Qatar said Sunday they will pay Syria’s outstanding debt to the World Bank, a move likely to make the international institution resume its support to the war-torn country. A joint statement by the finance ministries of Saudi and Qatar said the decision to pay Syria’s nearly $15 million debt to the World Bank was made during this month's meetings in Washington by the World Bank and IMF. Syria’s Foreign Ministry thanked the two oil and gas-rich nations for paying the debt saying it opens the way for activating cooperation toward recovery and reconstruction after a 14-year conflict that killed half a million people and caused wide destruction in the country.

News source: https://finance.yahoo.com/news/syria-qatar-pay-back-syrias-182851817.html

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Saudi Arabia and Qatar to pay back Syria's debt to the World Bank