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Syria and Islamic Development Bank Strengthen Collaboration to Boost Economic Recovery

In a meeting at the ongoing Spring meetings of the World Bank and the International Monetary Fund in Washington, Dr. Mohammad Al-Jasser, the President of the Islamic Development Bank Group, met with Syria’s Minister of Finance and Governor at the Islamic Development Bank, Mohammad Yasser Bernia. The meeting was also attended by the Governor of the Central Bank of Syria and the Acting Governor at the Islamic Development Bank, Dr. Abdul Qadir Hsoya.

The purpose of the meeting was to strengthen the strategic partnership between Syria and the Islamic Development Bank Group. Both parties discussed ways to enhance bilateral cooperation to support economic recovery efforts in Syria and address the increasing developmental challenges facing the country.

Dr. Al-Jasser reaffirmed the Islamic Development Bank Group’s commitment to supporting Syria’s economic recovery by implementing simplified and rapid response financing mechanisms that align with national priorities, improve living conditions, and enhance basic services.

The meeting also explored opportunities for collaboration in vital infrastructure projects, particularly in the energy, electricity, and healthcare sectors, which are crucial for achieving sustainable development and revitalizing the national economy.

This meeting marked a shared vision to initiate a new phase of comprehensive economic recovery aimed at enhancing the capacity of national institutions to address challenges and achieve the aspirations of the Syrian people.

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