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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The U.S. will impose unprecedented measures on Iran in order to economically isolate the country, U.S. Treasury Secretary Scott Bessent has said.
U.S. President Donald Trump's threats to make the Strait of Hormuz part of U.S. territory have been mocked by Iran's Deputy Foreign Minister, Kazem Gharibabadi, who said the sea passage "cannot be seized by tweet."
At least 47 people have been killed after a magnitude 7.7 earthquake struck off eastern Indonesia early on Saturday, triggering small tsunami waves and dozens of aftershocks, officials say.
Iran says the U.S. war and military presence in the region have worsened marine pollution around the Strait of Hormuz, calling for environmental protection to form part of future arrangements governing the strategic waterway.
Twelve people have died and at least 10 others were injured after a Polish-registered bus overturned on a motorway in eastern Hungary, officials said.
North Korean leader Kim Jong Un reaffirmed the deepening of ties with Russia in a message to President Vladimir Putin as Pyongyang marked the anniversary of independence from Japan's colonial rule, KCNA state news agency said on Sunday.
Australia's New South Wales state will start a gun buyback in November, Prime Minister Anthony Albanese said on Sunday, part of the national response to a shooting spree that killed 15 at a Jewish festival in Sydney, the state capital.
A Spanish F-18 fighter jet pilot on a NATO air policing mission shot down a drone illegally breaching Romanian national airspace, the fourth unmanned aircraft the country has shot down this year, Romania's Defence Ministry said on Sunday.
Russian forces launched a missile attack on Kyiv early on Sunday, sparking fires in at least two districts of Ukraine's capital, Mayor Vitali Klitschko said.
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