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Syria and the World Bank issued a joint statement on the 18th saying that the two sides agreed to establish a multi-donor trust fund to support Syria's recovery and reconstruction. The statement said that the “Syrian Recovery and Reconstruction Trust Fund” aims to provide preferential financing, investment guarantees, technical support and capacity building support, and to attract private investment to support Syria's economic recovery and post-war reconstruction. The fund will be managed by the World Bank and will operate in accordance with the Bank's policies and procedures. The World Bank will work with donors and development partners to manage according to the priorities set by the Syrian Government.
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Syria and the World Bank issued a joint statement on the 18th saying that the two sides agreed to establish a multi-donor trust fund to support Syria's recovery and reconstruction. The statement said that the “Syrian Recovery and Reconstruction Trust Fund” aims to provide preferential financing, investment guarantees, technical support and capacity building support, and to attract private investment to support Syria's economic recovery and post-war reconstruction. The fund will be managed by the World Bank and will operate in accordance with the Bank's policies and procedures. The World Bank will work with donors and development partners to manage according to the priorities set by the Syrian Government.
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