Syrian Ministry of Agriculture Discusses Investment with IFC
Mustafa Zakia, Assistant Minister of Agriculture for Plant Production, held an extensive meeting with a delegation from the International Finance Corporation (IFC), a member of the World Bank Group, in Damascus. The delegation was led by Shalissa Oshin Samji, Director of the Manufacturing, Agribusiness, and Services department.
The discussions focused on exploring potential areas of cooperation and identifying investment opportunities within the Syrian agricultural sector. Both parties examined how such investments could be effectively utilized to develop and advance agribusinesses across the country. The participants also emphasized the importance of strengthening communication channels with relevant stakeholders in both the public and private sectors to stimulate investment and provide the necessary support for Syria’s economic recovery efforts.
During the meeting, both sides underscored the need to establish clear priorities for future cooperation. They discussed potential technical and financial support that the IFC could provide to develop the agricultural sector’s infrastructure. Additionally, they highlighted the role of the private sector in agricultural production processes, aiming to increase production efficiency and achieve sustainable development.
This visit and the subsequent discussions take place as relevant institutions seek to attract new investments to support vital sectors in Syria. As the world’s largest development institution, the IFC focuses its mandate on the growth and development of the private sector in emerging markets and developing countries. This position makes the organization a significant potential partner in efforts to stimulate the local economy and develop agriculture, which serves as a cornerstone of the Syrian national economy.
The meeting is expected to pave the way for joint investment projects focused on modernizing agricultural technologies and supporting agribusiness-related ventures. These initiatives are intended to foster economic growth and improve productivity across various Syrian governorates.
Source: Syria Focus Arabic
