Finance Minister Muhammad Yasser Barnea held talks with a delegation of 15 experts from the Islamic Development Bank Group to reach consensus on the Country Partnership Framework for the Bank in Syria for the years 2027-2029, as well as cooperation priorities, sectors, and proposed priority projects within this framework.
Minister Barnea emphasized the importance of enhancing serious joint work with the Islamic Bank, identifying priority sectors requiring grants or financing to support recovery and development efforts in Syria. He pointed out the necessity of funding vital projects in health, food security, infrastructure, energy, transport, water, and sanitation, alongside digital transformation and Islamic financial services.
For his part, the Finance Minister highlighted the necessity of integrating the partnership framework with the Islamic Bank with the proposed partnership framework with the World Bank and partnership programs with the European Union, ensuring full coordination and achieving recovery priorities. He called for adopting a robust framework for sound governance to enhance the efficiency of fund management.
He noted that the current stage requires focusing on supporting recovery in Syria while simultaneously accelerating the study of priority projects and needs. He stressed the importance of preparing preliminary studies for water and sanitation projects to determine appropriate financing options for them.
The visit by the expanded delegation follows an understanding reached between Syria and the Islamic Development Bank Group regarding the settlement of Syria's financial arrears. The delegation includes all institutions of the Bank Group: the Islamic Corporation for the Insurance of Investment and Export Credit, the Islamic Corporation for the Development of the Private Sector, the Islamic Corporation for Trade Finance, the Islamic Research and Training Institute, in addition to the Islamic Development Bank.
Source: Syrian Arab News Agency (SANA)
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