DAMASCUS: Syrian Finance Minister Mohammed Yisr Barnieh has said all World Bank grants to the Syrian Arab Republic are non-repayable and create no financial burden for the country’s treasury.
He attributed international trust to Syria’s transparent and well-governed management of prior development funds.
On Friday, the World Bank’s board of executive directors approved an additional $100 million grant from the International Development Association.
The money will support Syria in building a modern, secure, and digital financial sector.
Barnieh said that investment in financial infrastructure constituted a cornerstone for developing the financial sector and strengthening financial stability and inclusion.
