Syrian President Ahmad al-Sharaa and his Foreign Minister Assaad al-Chaibani, in Riyadh, in February 2025. (Credit: AFP)
Saudi Arabia comes to Damascus' rescue. In an exclusive report, Reuters revealed that Riyadh would be willing to repay Syria's entire debt to the World Bank, which amounts to $15 million. This decision could relieve Syria of a significant burden, as the new authorities in Damascus have inherited a country lacking foreign currency and unable to honor the loans contracted under the Assad regime, overthrown on Dec. 8 last year.With this announcement, has Damascus just played its best card? Because once the debts are paid off, Syria could again benefit from subsidies approved by the financial institution and enjoy other forms of assistance. However, for now, no official statement has been made: “We do not comment on speculation, but make announcements ... when they become official,” said a spokesperson for the Saudi Ministry of...
Saudi Arabia comes to Damascus' rescue. In an exclusive report, Reuters revealed that Riyadh would be willing to repay Syria's entire debt to the World Bank, which amounts to $15 million. This decision could relieve Syria of a significant burden, as the new authorities in Damascus have inherited a country lacking foreign currency and unable to honor the loans contracted under the Assad regime, overthrown on Dec. 8 last year.With this announcement, has Damascus just played its best card? Because once the debts are paid off, Syria could again benefit from subsidies approved by the financial institution and enjoy other forms of assistance. However, for now, no official statement has been made: “We do not comment on speculation, but make announcements ... when they become official,” said a spokesperson for the Saudi Ministry of...
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