Saudi Arabia and Qatar Agree to Cover $15 Million of Syria’s Debt

Saudi Arabia and Qatar have committed to covering Syria's debts owed to the World Bank. According to Bloomberg, this move will eliminate one of the barriers to obtaining financial aid from the global lending institution.

The Gulf nations have expressed their willingness to cover approximately $15 million of Syria’s remaining debt. This move follows significant talks regarding Syria’s rebuilding efforts post-conflict, which took place during the recent gatherings of the World Bank and International Monetary Fund. These countries intend to aid in the nation’s economic revival as led by President Ahmed Ash-Sharaa of Syria.

Simultaneously, the sanctions enforced by the U.S. against the government led by ex-President Bashar al-Assad continue to be a major hurdle preventing Syria from obtaining essential aid needed for post-war rehabilitation. This prolonged conflict has resulted in over 600,000 fatalities and forced mass displacements, causing the nation’s GDP to shrink by almost half since 2010 when the fighting started. As reported by various news outlets, the financial burden required for rebuilding Syria stands at approximately $400 billion.

The previous week, GOP lawmakers Cory Mills and Marlin Stutzman made an unannounced visit to Damascus where they met with Ahmad Al-Ahmad As-Sharekh. This trip was arranged by prominent Syrian-Americans based in the U.S. During their meeting, Mills informed Bloomberg that he discussed with As-Sharekh the criteria for easing some of the economic restrictions. Additionally, Mills mentioned he would be handing over a communication from As-Sharekh addressed to U.S. President Donald Trump.

Related Posts

0 Response to "Saudi Arabia and Qatar Agree to Cover $15 Million of Syria’s Debt"

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel