Syria Economic Report – April 15–21, 2025

1. International Community Pledges Support for Syria’s Reconstruction

In a summit held in Brussels, international donors pledged nearly $6.5 billion in aid to support Syria’s reconstruction and political transition. The European Union organized the meeting, with participation from EU member states, regional neighbors, Arab countries, and UN agencies. Germany and the United Kingdom announced substantial contributions, while the United States highlighted its past assistance. The funds aim to aid in unifying fractured territories, rebuilding the economy, and restoring infrastructure.

2. IMF Appoints First Mission Chief to Syria in 14 Years

In a significant move toward Syria’s economic reintegration, the International Monetary Fund (IMF) appointed Ron van Rooden as its first mission chief to Syria since 2011. This appointment follows a request from Syria’s Finance Minister, Mohammed Yosr Bernieh, and marks a major step in reigniting economic cooperation between the IMF and Syria. The IMF aims to support Syria’s recovery and improve citizens’ well-being through institutional rebuilding and reintegration into the global economy. Syrian officials, including the central bank governor and finance minister, attended the IMF and World Bank Spring Meetings in Washington for the first time in over two decades

3. Saudi Arabia and Qatar Settle Syria’s World Bank Debt

Saudi Arabia and Qatar have committed to paying Syria’s $15 million debt to the World Bank, aiming to revive the institution’s support to the country following years of conflict. This decision was made during the recent World Bank and IMF meetings in Washington. Syria’s Foreign Ministry expressed gratitude for the move, noting it paves the way for cooperation in recovery and reconstruction efforts after a 14-year civil war that took around 500,000 lives and devastated infrastructure .

4. UNDP Plans $1.3 Billion Aid for Syria’s Reconstruction

The United Nations Development Programme (UNDP) announced plans to provide $1.3 billion in aid over three years to rebuild war-torn Syria. The strategy includes infrastructure reconstruction, the establishment of digital start-ups, social protection programs, and the integration of artificial intelligence. Mobilizing funds from the World Bank, International Monetary Fund (IMF), and regional countries like Saudi Arabia and Turkey is essential. A roundtable on Syria is scheduled during the upcoming IMF and World Bank meetings in Washington, D.C. .

5. Syrian Government Thwarts Attempted Coup

On April 16, Syria’s Minister of the Interior, Anas Khattab, announced that government forces had successfully thwarted an attempted coup by officers loyal to the old regime. The announcement came as part of an increased network of collaboration between various security apparatuses, including police, military, and intelligence. According to Khattab, security forces had been tipped off to the plot and were able to launch an operation to disrupt it before it could be executed .

6. Syrian Democratic Forces Withdraw from Strategic Areas

As part of an agreement with the transitional government, the Syrian Democratic Forces (SDF) began withdrawing from key regions, including the Sheikh Maqsood and Ashrafieh neighborhoods of Aleppo on April 4, and the Tishrin Dam area on April 12. These withdrawals aim to unify military efforts and stabilize regions previously under SDF control, facilitating coordinated reconstruction and governance across the country .

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