Saudi Arabia and Qatar have agreed to clear Syria's outstanding debt of approximately $15 million to the World Bank. This financial commitment aims to assist in revitalizing Syria’s economy, significantly affected by over a decade of civil conflict. Following the recent change in Syria's leadership and the participation of its central bank governor and finance minister at the World Bank meetings after two decades, this move signifies potential new diplomatic and financial avenues for Syria's development. Resuming operations with the World Bank will allow crucial support for rebuilding the nation’s war-torn infrastructure.
Saudi Arabia and Qatar have jointly announced their commitment to settle Syria's $15 million debt to the World Bank, facilitating the resumption of financial support to the nation.
The settlement of Syria's arrears marks a significant step in the diplomatic efforts to revive the country's economy and rebuild after 14 years of civil conflict.
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