Syria regains World Bank funding after Saudi Arabia and Qatar pay $15.5 million debt
The unpaid amount, owed to the International Development Association (IDA) — the World Bank’s fund for the poorest nations — was fully settled by May 12, reopening Syria’s eligibility for new projects, the bank said in a statement.
“As of May 12, 2025, there are no outstanding IDA credit balances for the Syrian Arab Republic,” the statement read, adding that any future cooperation will depend on Syria meeting World Bank policies.
This development came shortly after US President Donald Trump announced at the 2025 Saudi-US Investment Forum in Riyadh that he would lift “brutal and crippling” US sanctions on Syria, which had been imposed before the fall of the Assad regime.
The day after Trump’s announcement, he met Syrian President Ahmed al-Sharaa in Saudi Arabia — marking the first meeting between the two countries’ leaders in 25 years.
Bashar Assad, who ruled Syria for nearly 25 years, fled to Russia on December 8, 2024, ending the Baath Party’s long-standing control since 1963.
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U.S. federal investigators have recovered the flight recorders from the wreckage of a UPS cargo plane that crashed and erupted in flames during takeoff in Louisville, Kentucky, killing at least 12 people and halting airport operations.
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Mexican President Claudia Sheinbaum announced on Wednesday that she had filed a legal complaint against a man who groped and tried to kiss her as she walked between meetings in Mexico City — a day after footage of the incident went viral online.
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U.S. federal investigators have recovered the flight recorders from the wreckage of a UPS cargo plane that crashed and erupted in flames during takeoff in Louisville, Kentucky, killing at least 12 people and halting airport operations.
U.S. President Donald Trump urged New York City mayor-elect Zohran Mamdani to be "nice" to Washington, saying he approves "a lot of things" for the city and that the Democrat’s election-night remarks showed an "angry" tone toward him.
Ten percent of flights at 40 major American airports could be cut from Friday (7 November) if the U.S. government shutdown continues. Transportation Secretary Sean Duffy and the FAA Administrator Bryan Bedford made the announcement on Wednesday.
U.S. Supreme Court justices expressed scepticism on Wednesday about the legality of President Donald Trump’s wide-ranging tariffs, in a landmark case that could have major consequences for the global economy and test the limits of presidential power.
Mexican President Claudia Sheinbaum announced on Wednesday that she had filed a legal complaint against a man who groped and tried to kiss her as she walked between meetings in Mexico City — a day after footage of the incident went viral online.
U.S. President Donald Trump personally urged Chinese leader Xi Jinping to release imprisoned Hong Kong media tycoon Jimmy Lai during their meeting in South Korea last week, according to three individuals briefed on the discussions and a U.S. administration official.
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