After 14-Year Hiatus, World Bank Announces Resumption of Assistance Programs in Syria

Welat TV – Erbil

The World Bank has announced the resumption of its aid programs in Syria, following the settlement of the country's outstanding debts by Saudi Arabia and Qatar—an act that now qualifies Damascus to receive millions of dollars in reconstruction grants and budgetary support.

In a statement released on Friday, May 16, 2025, the Bank confirmed that Syria’s debt—totaling $15.5 million—has been fully repaid with contributions from Saudi Arabia and Qatar.

"We are pleased that Syria’s debt clearance allows the World Bank Group to re-engage with the country and begin addressing the development needs of the Syrian people," the statement read. "After years of conflict, Syria is now on a path toward recovery and development."

The Bank added that it would coordinate with other nations to mobilize both public and private funding in support of programs aimed at helping Syrians rebuild their lives and achieve greater national and regional stability.

Restoring Basic Services, a Top Priority

Regarding its plans following the 14-year suspension of activities in Syria, the World Bank announced that its first project in the country will focus on restoring electricity infrastructure. The initiative is expected to drive economic recovery and improve access to essential services, including healthcare, education, water, and livelihoods.

Lifting of Sanctions Paved the Way

The Bank’s announcement comes in the wake of U.S. President Donald Trump’s recent tour of the Gulf, during which he declared the lifting of U.S. sanctions on Syria. According to the World Bank, this policy shift—combined with the settlement of Syria’s arrears—has paved the way for the country’s reintegration into the global financial system. U.S. sanctions had targeted the Assad government and dated back decades, with significant tightening following the 2011 uprising.

In a related move, the International Monetary Fund appointed Ron van Rodin this past April as the first head of its mission to Syria in over 14 years. Syria has been subject to international sanctions since 1979, with many of them intensified after the outbreak of anti-government protests in 2011.