Washington/Riyadh: Saudi Arabia’s Finance Minister Mohammed al-Jadaan announced that the international community stands united with Syria as the country enters a new phase of recovery following the overthrow of former President Bashar al-Assad last December. Speaking during the IMF and World Bank Annual Meetings in Washington, al-Jadaan said that multiple major investment deals for Syria are nearing completion, signaling a decisive turn toward reconstruction and economic revival.
Al-Jadaan, who also chairs the International Monetary Fund’s steering committee, emphasized that after decades of isolation, it is now the moral and economic duty of the global community to support Syria’s reintegration. We stand with Syria, he declared. We believe the new government is serious in its efforts to rebuild and to serve its people.
He noted that the removal of Western sanctions by the United States and the European Union has opened pathways for private sector investments, encouraging businesses to re-engage with Syria’s emerging market. From firsthand knowledge, he said, I know that many investments are now being finalized in various sectors.
IMF Managing Director Kristalina Georgieva confirmed that the Fund is working closely with Syrian authorities and the World Bank to help rebuild key financial institutions most notably a central bank capable of anchoring long-term stability and growth. She added that the IMF had already sent a technical team to Damascus in June, marking the first such mission since 2009.
Georgieva further revealed that Syria’s finance minister had extended an official invitation for her to visit the country, to which she responded positively, saying she would travel there once the current institutional rebuilding phase has achieved its foundational goals.
With sanctions lifted, international engagement restored, and financial institutions under reconstruction, Syria’s post-war economy appears poised for its first real chapter of recovery in over a decade a shift that could redefine regional stability and cooperation.