Syria to return to IMF Arab group after 14 years

The Syrian Ministry of Finance announced that Syria will return to the Arab group of the International Monetary Fund (IMF) as of November 1, after being part of the Russian Federation group since 2012.

The ministry said that Finance Minister Mohamed Yusr Barnieh and the governor of the Central Bank of Syria, Mohammad Safwat Raslan, discussed with the Executive Director of the Arab Group at the International Monetary Fund (IMF), Ali Al-Hosani, on the sidelines of the annual meetings of the IMF and the World Bank Group in Bangkok, the work tracks and joint projects between Syria and the Fund.

The two sides reviewed the areas of technical support and capacity building, as well as preparations for the Article IV consultations of the Fund's Establishment Agreement.

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