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His Excellency the Minister of Finance Ali bin Ahmed al-Kuwari participated in the meeting of Arab Finance Ministers, alongside Ajay Banga, President of the World Bank Group and several finance ministers.The meeting was held on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank Group, now taking place in Washington, DC. The meeting comes as part of efforts to strengthen cooperation with international financial institutions, exchange views on global economic developments, and explore opportunities to support financial stability and promote sustainable growth in the region.It aims to highlight the achievements of the Gulf Cooperation Council (GCC) in addressing global and regional priorities, and explore opportunities for cooperation across several actionable economic and financial sectors – contributing to the empowerment of both regional and global economic growth.The meeting also shed light on the attractiveness of the investment environment in GCC countries and the creation of high-quality opportunities across various sectors. In addition, it addressed the economic and development policies expected to be adopted as part of joint GCC efforts in the coming phase.

Minister of Foreign Affairs and Expatriates of the Syrian Arab Republic Asaad Al Shaibani met on Wednesday with World Bank Division Director for the Middle East Department, Jean-Christophe Carret, who is visiting Damascus.The Syrian Arab News Agency (SANA) reported that the meeting discussed ways to enhance development and reconstruction cooperation between Syria and the World Bank.It is worth noting that the US Treasury Department ended its sanctions program on Syria, a strategic turning point in Damascus's economic and diplomatic relations and an opportunity to reintegrate Syria into the international financial system after long years of restrictions and economic isolation.