Syria and Saudi Arabia Discuss Financial Cooperation and Economic Reform
Syrian Minister of Finance Mohammad Yassar Bernia held a series of intensive discussions with his Saudi counterpart, Mohammed Al-Jadaan, on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group in Bangkok. The talks centered on strengthening financial and technical cooperation between the two nations.
The meeting addressed methods to coordinate efforts in light of current economic and financial challenges and the repercussions of geopolitical developments. These discussions aim to support Syria’s economic and financial reform paths while establishing a foundation for recovery and sustainable development.
During the sessions, both sides explored steps to resume the activities of regional financial and development institutions in Syria. This move is intended to pave the way for financing critical infrastructure projects. The parties also reviewed prospects for future cooperation with the Saudi Fund for Development (SFD). Minister Bernia expressed Syria’s appreciation for the Kingdom of Saudi Arabia’s role in regional and international forums and its ongoing support for bolstering economic stability in Syria.
Saudi Finance Minister Al-Jadaan affirmed the Kingdom’s commitment to supporting the Syrian state’s efforts in its economic and financial reform programs. He emphasized the importance of accelerating the review process for projects proposed for funding to ensure that targeted development goals are achieved. Furthermore, Al-Jadaan welcomed the proposal to establish a trust fund for reconstruction in Syria, describing it as an essential tool for supporting recovery and rebuilding efforts in the country.
In a related context, Minister Bernia held a separate meeting with the CEO of the Saudi Fund for Development, Sultan Abdulrahman Al-Marshad, along with senior officials from the Fund. Discussions focused on enhancing cooperation within the framework of the “Syria Without Camps” initiative. The talks underscored the necessity of directing development support toward multi-sectoral projects designed to create suitable and sustainable conditions for the return of displaced persons from camps to their home regions.
Efforts in this area aim to provide the basic requirements for their stability. Additionally, the meetings included preparations for signing agreements to facilitate the transfer of knowledge and technical expertise in fields prioritized for the Syrian economy in the upcoming phase.
Source: Syria Focus Arabic
