In a significant move signaling potential shifts in regional dynamics and economic prospects, Palestinian Authority President Mahmoud Abbas met with Syria’s interim President Ahmed al-Sharaa in Damascus on Friday, marking his first visit to Syria in 16 years. The meeting occurs as discussions are underway regarding the restoration of support for Syria from international financial institutions.
Palestinian Presence in Syria
Before the civil war in 2011, approximately 560,000 Palestinians resided in Syria, with around 438,000 remaining, 40 percent of whom were displaced during the war.
International Financial Support
Simultaneously, officials are slated to discuss major steps to restore support for Syria from the World Bank and International Monetary Fund (IMF) at spring meetings next week. These discussions will take place during a roundtable on Syria, hosted by the Saudi government and the World Bank on the sidelines of the annual meetings in Washington. Saudi Arabia intends to clear approximately $15 million in Syrian arrears to the World Bank, which could unlock millions of dollars in grants for reconstruction and economic support.
Syrian Civil War and Humanitarian Crisis
The potential restoration of financial support from the World Bank and IMF comes after a prolonged period of conflict and instability in Syria. The Syrian Civil War, which began in March 2011 with pro-democracy protests against Bashar al-Assad’s government, has resulted in a major humanitarian crisis, with millions displaced internally and as refugees in neighboring countries. By December 2024, rebel forces had overthrown Assad, who then fled to Moscow.
Conditions for Financial Aid
The discussions surrounding financial aid are expected to address the conditions attached to any potential funding. These conditions likely involve reforms aimed at promoting transparency, combating corruption, and revitalizing key institutions. The Abbas visit and the potential unlocking of international financial support represent critical junctures for Syria as it navigates the complex path toward recovery and stability. The international community is closely watching these developments, balancing the need for humanitarian assistance with concerns about governance and long-term stability in the region.
