Finance Minister Yasser Borna, with the participation of Central Bank of Syria Governor Safwat Rusal and representatives from the Ministry of Foreign Affairs and Expatriates, chaired a roundtable meeting with several development partners and international financial institutions in Bangkok to discuss economic recovery priorities in Syria and ways to enhance international cooperation and coordination to support the upcoming phase.
The Ministry of Finance clarified via its Telegram channel on Wednesday that the Syrian side presented the government’s vision and priorities for recovery, foremost among them restoring essential services and infrastructure, enhancing the efficiency of public institutions, continuing reforms in public finance and the financial sector, and creating a suitable environment for investment and private sector participation.
Directing Resources Toward Priority Programs and Projects
Participants from the Syrian side emphasized that international cooperation should be based on national priorities and government ownership of the recovery path, and should contribute to directing resources toward priority programs and projects, enhancing implementation efficiency, and achieving tangible developmental results. The attendees discussed areas of cooperation with partners through technical support, economic and investment cooperation, and financing coordination, to help build institutional capacities, accelerate reform implementation, and prepare and finance priority projects.
Establishing a Multi-Donor Trust Fund
They also discussed the proposal to establish a Multi-Donor Trust Fund (MDTF) in cooperation with the World Bank, aiming to coordinate partners’ contributions and align them with government-led priorities, within a framework that enhances transparency, social inclusion, governance, financial oversight, and implementation quality. At the end of the workshop, the Syrian side emphasized the importance of continuing dialogue with development partners regarding their priorities, programs, and available support and financing tools, and working to translate cooperation areas into practical, executable programs and projects that contribute to supporting economic recovery, improving services, and enhancing investment and growth opportunities in Syria.
Earlier on Wednesday, the Finance Minister and the Central Bank of Syria Governor discussed with Katriona Perfield, Director of the Capacity Development Institute at the International Monetary Fund, ways to enhance the capacities of Syrian institutions in sound economic management, including supporting new training and capacity-building programs.
Source: Syrian Arab News Agency (SANA)
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