IMF Awards Syrian Economic Reforms

The International Monetary Fund has reported that the Syrian economy is expected to grow by over 10% in 2026, with continued strong growth in 2027 after years of contraction. This recovery is supported by improvements in the productive and service sectors, as well as government reforms. The rebound is attributed to increased consumer and investor confidence, the return of refugees, improved productivity in agriculture, oil, and electricity sectors, and the resumption of commercial and tourism activities. However, growth remains uneven, and poverty levels are still high. Inflation has risen due to increased imports of fuel and food commodities, but forecasts indicate that inflation may decline in 2027 if disciplined fiscal and monetary policies are maintained. Public finances have also improved, with higher revenues and allocated spending focused on essential needs. The report underscores the need for banking and financial sector reforms to enhance economic stability and support Syria’s reintegration into the global financial system, aided by ongoing international financial support to implement these reforms and achieve sustainable recovery.

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