The World Bank announces the settlement of Syria’s financial arrears and its eligibility for new financing
The World Bank announced on Friday the settlement of Syria’s $15.5 million in arrears, making it eligible for new funding.
The World Bank said, “As of May 13, 2025, the Syrian Arab Republic’s arrears to the International Development Association, amounting to approximately $15.5 million, have been settled”.
He pointed out that this amount was paid by both the Kingdom of Saudi Arabia and the State of Qatar.
“As a result, Syria is again eligible for new financing, subject to compliance with the World Bank’s operational policies,” the statement said.
The statement added, “As of May 12, 2025, there are no more remaining balances in the International Development Association’s credits for Syria”.
The statement explained that the International Development Association, the arm of the World Bank Group dedicated to supporting the poorest countries, provides interest-free or low-interest loans and grants to finance projects and programs aimed at promoting economic growth, building resilience, and improving the living standards of the poor around the world.
Prior to US President Donald Trump’s decision to lift sanctions on Syria, international financial institutions were unable to provide financial support to Syria due to the sanctions imposed on Damascus.
On April 27, the Saudi and Qatari finance ministries announced the payment of Syria’s arrears to the World Bank Group, according to what was reported by the official Saudi Press Agency (SPA) at the time.
