Syria’s economy is showing clear signs of recovery, with economic activity accelerating in recent months, the International Monetary Fund (IMF) said on Wednesday.
The economic rebound is being driven by improved consumer and investor sentiment, the return of refugees, and increased electricity supply. Favourable rainfall and deeper regional integration are also contributing to growth.
Ron van Rooden, Head of the IMF mission, said that because international sanctions have been lifted, Syria is reintegrating into regional and global economic networks.
He noted that progress towards national reconciliation and improved infrastructure are supporting growth prospects for 2026 and beyond. Several large new investment projects are also contributing, although the IMF did not specify their details.
Authorities have prepared the 2026 budget with a focus on healthcare, education, infrastructure rehabilitation, and wage increases. Revenue projections are ambitious but achievable, with safeguards in place to protect social spending if financing falls short.
The IMF emphasised that strong international support remains crucial, particularly to alleviate poverty among returning refugees and internally displaced persons. Syria’s ability to mobilise external financing will depend on progress in addressing legacy debts and maintaining international cooperation.
Despite constraints, the Central Bank of Syria has maintained a tight monetary stance. Inflation slowed to low single digits by the end of 2025, while the Syrian pound appreciated compared with 2024. The IMF highlighted ongoing efforts to strengthen the central bank’s independence, implement a robust monetary policy framework, and assess the health of the banking sector to rebuild public trust.
The IMF said it will continue supporting Syria through technical assistance and capacity building in several areas:
The IMF said that these initiatives are designed to facilitate sustainable economic recovery and lay the groundwork for future IMF Article IV consultations.
“The authorities have shown transparency and constructive engagement throughout our mission,” van Rooden said, commending their collaboration.
The IMF team met with senior officials, including Minister of Finance Mohamad Yisr Barnieh and Central Bank Governor Abdulkader Husrieh, alongside other high-ranking representatives.
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Start your day informed with the AnewZ Morning Brief. Here are the top stories for 30 May, covering the latest developments you need to know.
The United Nations (UN) added Israel and Russia to a blacklist of parties suspected of committing conflict-related sexual violence on Friday (29 May). The move prompted Israel to announce it would sever ties with UN Secretary-General Antonio Guterres.
A centuries-old floral tradition is being prepared in the English village of Castleton, where the Garland King will lead a ceremonial procession through the Peak District wearing a large flower-covered structure weighing up to 40 kilograms.
A Canadian man accused of selling sodium nitrite and suicide-related items online to people in multiple countries pleaded guilty on 29 May to aiding the suicides of 14 people in Ontario, after prosecutors said recent legal rulings made murder charges impossible to pursue.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
The World Health Organization (WHO) says ongoing conflict, funding pressures and international travel restrictions are complicating efforts to contain a fast-growing Ebola outbreak in the Democratic Republic of Congo (DRC).
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
France will become the first country in the European Union to reimburse anti-obesity drugs through its public healthcare system, Health Minister Stéphanie Rist announced on Thursday (28 May).
The trial of a 21-year-old accused of planning an Islamist attack at a Taylor Swift concert in Vienna entered its final day on Thursday (28 May), with a verdict expected later in the evening.
A renewed wave of U.S. diplomatic activity in the South Caucasus highlights Washington’s growing focus on regional connectivity, trade and security, according to Associate Professor George Mchedlishvili of European University in Tbilisi.
Kyrgyzstan has signed a series of cooperation agreements with China and Belarus at the Fifth Forum of Regional Leaders of Shanghai Cooperation Organisation (SCO) member states, underlining the country's growing economic engagement within the regional bloc.
A group of Azerbaijani civil society organisations has called for increased scrutiny of Swiss building materials giant Holcim, citing court rulings and ongoing investigations linked to its subsidiary Lafarge's activities during the Syrian conflict.
Kazakhstan has reiterated that no existing route can replace the Caspian Pipeline Consortium (CPC), which carries more than 80% of the country's crude oil exports through Russia to the Black Sea.
Russia and Kazakhstan signed 15 agreements during President Vladimir Putin’s state visit to Astana on Thursday (28 May), including deals on Kazakhstan’s first nuclear power plant and expanded oil cooperation with Russia.
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