Finance Minister Mohammad Yasser Barhouni held talks today, Saturday, with a high-level delegation from the American JPMorgan bank, regarding prospects for financial and investment cooperation with Syria, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group held in Bangkok.
The Ministry of Finance stated via its Telegram channel that the discussions covered prospects for developing debt instrument markets, opportunities for financing infrastructure projects, and the role of credit rating agencies in supporting Syria's integration into international financial markets, alongside reviewing joint financing mechanisms and their potential application in mobilizing resources needed to finance developmental and investment projects.
The ministry clarified that this meeting comes within the context of growing interest shown by American banks and financial institutions in the Syrian market, and their efforts to explore available opportunities and build a strategic vision for financial and investment cooperation with Syria in the coming phase.
Details of the American Bank
JPMorgan, the American bank specializing in multinational financial and banking services, is the largest banking institution in the United States and a leading provider of financial services, as well as being ranked as the third-largest publicly traded company in the world, according to Forbes magazine.
Previous talks with Bank of America
Yesterday, Friday, Finance Minister Mohammad Yasser Barhouni discussed with a delegation of Bank of America managers the opportunities for financing investment projects in Syria, emphasizing the ministry's keenness to encourage global banks to engage in financing large-scale private sector investment projects and public-private partnership projects.
Source: Syrian Arab News Agency (SANA)
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