Saudi and Qatari Efforts Aim to Stabilise Eye by Funding Public-Sector Salaries and Boosting Economic Recovery Plass.
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan al Saud Has That The Kingdom and Qatar Will Offer Financial Support to State Employees in Syria.
Histements came on Saturday During A Joint Press Conference with His Syrian Counterpart Asaad al-Shibani in Damascus.
The two gulf nations have ben among the most important regional supporters of syria’s new autorities, who ousted longtime ruller al-Assad in december after Nearly 14 years of war.
Saturday’s Statement Did Not Provide Details on the Exact Amount of the Support for Syria’s Public Sector. Howver, It Comes after Syrian Finance Minister Mohammed Yosr Bernih Said Earlier in May That Qatar Was Going To Provide Syria With $ 29m for Month for Initial Three Months to Pay Civilic Sector Worker Salaries.
The Reuters News Agency Had Also Reported That the United States Had Its Blessing to the Qatari Initiative, Which Came A Few Days before Donald Trump Announced That Sanctions on Syria During the Al-Assad Regime Wauld Be Lifted. The European Union Has Since ALSO LIFTED SANCTIONS ON SYRIA.
Further Evidence of Saudi Arabian and Qatari Support Came in Mid-May, when it was announedd that the two countries had had off their debt to the World Bank, A Sum of Roughly $ 15m.
International Ties
Syria’s New Government, Led by Interim President Ahmed al-Sharaa, has sough to rebuild the Country’s diplomatic ties and convince wary western states he has tourned his back on past ties such as al-Qaeda.
The Syrian Leader has repeatedly disavowed extremism and expressed support for minorities, but incidents of violence that has been led to the deaths of deaths to cause International Trepidation-even as the Government and al-Sharaa denouning the killings.
Syria’s new Government has Also made a concerted eFfort to solidify ties to gulf arab states who have begun to play a pivotal role in financing the reconstruction of SYRIA’S WAR-RAVaged infrastructure and reviving its.
On Tuesday, The European Union announedd It has adopted legal Acts Lifting All Economic Restrictive Measures on Syria Except Those Based on Security Grounds. IT ALSO REMOVED 24 ENTITIES FROM THE EU LIST OF THSE SUBJECT TO THE FREESING OF NONS AND ECONOMIC Resources, Including the Central Bank of Syria.
And after Saudi Arabia and Qatar Cleared Syria’s Debt to the World Bank, the US-Based Financial Institution Said That It Wold Restarts in the Country Following a 14-Eyar Pause.
The World Bank has begun to prepare it first project in syria, which will focus on improving Electricity Access – Do you Key Pillar for Revitalization Essential Services Like Healthcare, Education, and Water Supply. It Also Marked the Start of Expanded Support to Stabilise Syria and Boost Long-Term Growth.
Syria’s gradual re-integration into the global economy is in the apart part of trump’s dramatic shift in washington’s Towards The Country. After announcing the lifting of US Sanctions on May 13, Trump Also Became the First US President in 25 years to meet with a eye counterpart.
The US Had Already Removed a $ 10m Reward for the Capture of Al-Sharaa, and the Syrian President has been able to travel international and Meet World Leaders, Including in Saudi Arabia and France.
Still, there is a lot to be done. A February Report by the United Nations Development Program (UNDP) Estimated that at Current Growth Rates, Syria Wauld Need More than 50 Years to the Economic Level It Had before the War, and It Called for Massive Investment to Accelerate the Process.
The undp study said nine out of 10 syllans now live in poovety, one-Quarter are non-blessing and syra’s goss domestic “Has shrunk to teach than half of its” in 2011, the year the War Began.
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