Syrian Finance Minister Yasser Al-Barneh participated in the 54th meeting of the International Monetary and Financial Committee (IMFC), held today, Saturday, in the Thai capital Bangkok, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank.
Economic Agenda
The ministry, via its Telegram channel, clarified that today's meetings addressed global economic prospects and challenges related to geopolitical tensions, financial stability, public debt sustainability, and enhancing international financial cooperation.
Discussions also covered ways to support developing economies and fragile states affected by conflicts, enabling them to implement the necessary economic and institutional reforms to face these challenges.
Objectives of Syrian Participation
The ministry stated that Syria's participation comes within the framework of its continuous efforts to enhance its presence in international financial institutions and expand cooperation with international partners, thereby supporting the path of financial and economic reform.
It added that these efforts aim to reintegrate into the global financial system and mobilize the necessary support for economic recovery and reconstruction in the country.
Role of the International Committee
The International Monetary and Financial Committee is a committee of ministers and governors responsible for shaping the policies of the International Monetary Fund. It comprises 25 members representing member states and their electoral groups, including finance ministers and central bank governors.
It was noted that this committee plays a pivotal role in guiding the Fund's strategic policies and discussing challenges facing the global economy and the international monetary and financial system.
Calls for Support for Recovery
Finance Minister Yasser Al-Barneh previously emphasized today the importance of expanding World Bank support for economic recovery and reconstruction in Syria, and stimulating investment and capital flows to the private sector.
This came during his participation in the annual periodic meeting of the Arab Group with World Bank President Ajay Banga in the Thai capital Bangkok.
Source: Syrian Arab News Agency (SANA)
Comments (0)