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.
The United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, whi...
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall...
Britain’s Ministry of Defence is reviewing military flight records after files appeared to show that Jeffrey Epstein’s private jet landed at Royal...
Pakistan’s overnight air strikes on Afghanistan’s major cities have deepened a volatile standoff between the neighbours, straining a fragile cease...
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s a...
The United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, while governments around the world urge their citizens to leave parts of the region.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
Iran’s Foreign Minister Abbas Araghchi on Friday urged Afghanistan and Pakistan to resolve their differences through dialogue, offering Tehran’s assistance to facilitate understanding between its eastern neighbours.
Melania Trump, the First Lady of the United States, will chair a session of the United Nations Security Council on Monday in an historic first, becoming the first sitting first lady to preside over a council meeting during Washington’s monthly presidency of the body.
The death toll from heavy rains and flooding in Brazil’s Minas Gerais state has risen to 46, authorities said, with 21 people still reported missing. The storms triggered landslides and widespread flooding, displacing thousands across Juiz de Fora and Uba.
The situation in Cuba was heating up and called for restraint following a deadly incident involving a Florida-registered speedboat off the coast of the Caribbean island, the Kremlin said on Thursday (26 February).
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 United States has deployed the aircraft carrier USS Gerald R. Ford near Israel as part of a growing military build-up amid tensions with Iran, while governments around the world urge their citizens to leave parts of the region.
Venezuela’s Attorney General Tarek William Saab and Ombudsman Alfredo Ruiz tendered their resignations to the National Assembly on Wednesday. Neither official has publicly provided reasons for stepping down.
Speaking during a closed-door deposition in New York on Thursday (February), former U.S. Secretary of State Hillary Clinton said she did not “recall” ever meeting the late sex offender Jeffrey Epstein and had “no knowledge of his crimes”.
Britain’s Ministry of Defence is reviewing military flight records after files appeared to show that Jeffrey Epstein’s private jet landed at Royal Air Force bases, adding fresh pressure on police who are already examining his movements through several civilian airports.
Pakistan’s overnight air strikes on Afghanistan’s major cities have deepened a volatile standoff between the neighbours, straining a fragile ceasefire and prompting Islamabad to call the confrontation an “open war.”
Melania Trump, the First Lady of the United States, will chair a session of the United Nations Security Council on Monday in an historic first, becoming the first sitting first lady to preside over a council meeting during Washington’s monthly presidency of the body.
The International Monetary Fund (IMF) approved an $8.1 billion, four-year Extended Fund Facility programme for Ukraine on Thursday, aimed at preserving macroeconomic and financial stability as the war with Russia continues into its fifth year.
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