The World Bank has approved the settlement of Syria's arrears to the International Development Association (IDA), amounting to approximately $15.5 million.
The World Bank stated in a statement , Friday, "As of May 12, 2025, there are no longer any outstanding balances in IDA credits for the Syrian Arab Republic."
The IDA, the arm of the World Bank Group dedicated to supporting the poorest countries, provides interest-free or low-interest loans and grants to finance projects and programs aimed at promoting economic growth, building resilience, and improving the living standards of the poor around the world.
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