World Bank allocates $100M to Syria
The World Bank has approved a grant of $100 million to support the modernization of Syria's financial sector, aiming to establish a modern, secure financial system based on digital technology. The project seeks to improve the security, speed, and transparency of financial transactions, facilitate access to financial services, enable at least 15 million electronic payment transactions annually, and support 500,000 individuals and businesses, including 150,000 women. It also focuses on upgrading financial infrastructure and rehabilitating the banking sector, while strengthening the Central Bank of Syria and the anti-money laundering and counter-terrorism financing systems, to help facilitate economic recovery and provide more efficient and transparent financial services.
Notice: This Is an AI-Generated Summary
Comments (0)