Syria, World Bank Agree to Establish Multi-Donor Recovery and Reconstruction Fund

Syria and the World Bank have agreed to create a multi-donor fund for Syria's recovery and reconstruction, with the bank managing the fund and providing concessional financing, investment guarantees, and technical support. This marks a significant step in international engagement with Syria's post-conflict rebuilding, though details on donor participation and funding scale remain unclear. The move signals a potential shift in Western-led financial institutions' approach to Syria, which could have implications for sanctions and reconstruction financing.