Syrian Finance Minister Mohammad Yasser Barhni met in Bangkok, the Thai capital, with a delegation of Bank of America managers to discuss financing opportunities for investment projects in Syria, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank Group.
Minister Barhni emphasized, according to the Ministry of Finance’s Telegram channel on Friday, the ministry’s commitment to encouraging global banks to engage in financing large-scale investment projects for the private sector and public-private partnership projects.
The meeting covered existing financing opportunities in Syria and future strategic opportunities, as well as introducing the Ministry of Finance’s plan to develop debt market instruments and issue bonds and sukuk.
The ministry stated that the Bank of America delegation expressed great interest in the opportunities available in Syria to finance reconstruction and strategic projects, expressing its readiness to provide consultations in the bond markets and visit Syria at the earliest opportunity to inspect infrastructure projects and discuss the possibility of participating in their financing, either through joint financing with other banks or full financing.
For his part, the Finance Minister and Governor of the Central Bank of Syria, Safwat Rusal, held a meeting the day before yesterday with Jonathan Greenstein, Deputy Under Secretary of the US Treasury for International Affairs, and Eric Meyer, Deputy Assistant Secretary of the US Treasury for Africa, Middle East, and Multilateral Development Bank Operations, on the sidelines of the annual meetings of the IMF and World Bank Group held in Bangkok.
The annual meetings of the IMF and World Bank Group began on October 12 and will continue until the 18th in Bangkok, with the participation of finance ministers, central bank governors, government officials, private sector representatives, civil society, and international institutions, to discuss global economic prospects, financial stability, and development challenges.
Source: Syrian Arab News Agency (SANA)
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