Finance Minister Mohammad Yasser Al-Baruni and Central Bank of Syria Governor Safwat Rusal met with the International Finance Corporation (IFC) to discuss ways to support projects and investments, on the sidelines of the annual meetings of the International Monetary Fund (IMF) and the World Bank Group held in Bangkok, with the presence of the World Bank’s Syria Department Director.
The Ministry clarified via its Telegram channel on Wednesday that the joint meeting reviewed the institution’s work results in Syria, the most prominent projects under study, as well as the sectors of interest to it, with Minister Al-Baruni emphasizing the importance of establishing a fund to support Syria to expand the institution’s scope of work.
Financing Public and Private Sector Projects
The two sides discussed the necessity of adopting integrated financing to involve multiple parties in project financing, including the government and private sectors and donor institutions. They agreed to support joint sector companies and enhance partnership between the two sectors. They also reviewed the plan for restructuring state-owned banks and bonds for expatriates.
Enhancing Administrative Capacities
Earlier on Wednesday, the minister and the central bank governor had discussed with Katriona Purfield, Director of the Capacity Development Institute at the IMF, ways to enhance the capacities of Syrian institutions in sound economic management and support training and capacity-building programs.
Source: Syrian Arab News Agency (SANA)
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