International financial leaders will discuss ways to restore aid to Syria during next week’s IMF and World Bank meetings.
Efforts to restore international financial support for Syria will be on the agenda at next week’s spring meetings of the World Bank and International Monetary Fund (IMF), though ongoing sanctions remain a major hurdle, a U.N. official said.
A roundtable focused on Syria, hosted by the Saudi government and the World Bank, is expected to take place on the sidelines of the annual financial gatherings in Washington.
As part of the initiative, Saudi Arabia plans to pay off approximately $15 million in Syria’s arrears to the World Bank, a move that could unlock millions in potential reconstruction grants and economic aid through the Bank’s International Development Association, which supports low-income countries.
Since the ousting of former Syrian President Bashar al-Assad last year following nearly 14 years of civil war, Syria’s new leadership has urged the international community to lift sanctions imposed during Assad’s rule.
However, most sanctions remain in place, with the U.S. and other Western nations insisting the new government must first demonstrate a commitment to inclusive and peaceful governance.
Syria also holds $563 million in Special Drawing Rights at the IMF, but accessing those funds requires approval from member countries holding 85% of the total vote share — giving the U.S., with 16.5%, the power to block any disbursement.
Syria’s finance minister, central bank governor, and foreign minister are all expected to attend the meetings next week.
A new trilateral energy partnership involving Uzbekneftegaz, Azerbaijan’s state oil company SOCAR and BP has been announced during Uzbekistan...
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he le...
The Spanish government has issued a defiant message to Silicon Valley, confirming it...
Türkiye has completed formal preparations to begin direct commercial activity w...
After Labour's devastating performance in the 8 May local elections, the party's internal architecture has...
The International Monetary Fund (IMF) and World Bank held their Spring Meetings in Washington from 13 to 18 April. Finance ministers flew in, communiqués were drafted, and the usual parade of panels and press conferences ran their course.
The global financial blockade on Caracas has ended, with the International Monetary Fund and the World Bankannouncing they have resumed formal dealings with Venezuela.
Georgia is considering launching a development bank to boost key sectors of its economy, but the proposal has sparked debate over risks, transparency and the potential for costly mistakes.
Global debt surged to a record $348.3 trillion at the end of 2025, after nearly $29 trillion was added over the year, marking the fastest annual increase since the pandemic, according to the Institute of International Finance (IIF) report released on Wednesday.
Kuwait arrested four members of an IRGC-linked group as they tried to enter the country by sea, the Gulf state's KUNA news agency reported on Tuesday. Meanwhile, a senior IRGC officer said Iran had expanded its definition of the Strait of Hormuz to include a far wider area.
Biological samples from an Italian man were transferred to a specialist hospital for testing on Tuesday, after he was suspected of contracting hantavirus. Meanwhile, World Health Organization boss Tedros Ghebreyesus said there were “no sign” of a larger outbreak linked to the MV Hondius cruise.
Exclusive flight-tracking material obtained by AnewZ has raised new questions about French military aircraft movements linked to President Emmanuel Macron’s recent diplomacy with Armenia and the wider scope of France’s defence cooperation with Yerevan.
Just one week after a similar move by Australia, Greece announced that it will ban access to social media for children under the age of 15 from January 1, 2027, as governments around the world weigh tougher rules amid growing concerns over mental health, safety and screen addiction.
U.S. President Donald Trump said he does not think he will need China's help to end the war with Iran as he left for a high-stakes summit in Beijing on Tuesday, as hopes for a lasting peace deal dwindled and Tehran tightened its grip over the Strait of Hormuz.
Deep in the ancient forests of southern China, researchers have discovered a small, shy snake with an extraordinary survival trick: when threatened, it creates the illusion that it has two heads.
After Labour's devastating performance in the 8 May local elections, the party's internal architecture has cracked open with remarkable speed.
When Donald Trump boarded Air Force One for Beijing on Tuesday, he brought two cabinet members whose presence in China would have seemed unlikely a year ago, highlighting an unusual moment in U.S.–China relations.
Britain will introduce new legislation aimed at strengthening ties with the European Union as Prime Minister Keir Starmer seeks to rebuild economic relations with the bloc while facing growing political pressure at home.
U.S. President Donald Trump’s three-day summit with Chinese leader Xi Jinping in Beijing, beginning on Wednesday (13 May), comes as rivalry between the two superpowers reaches new heights, a China analyst has said.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment