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Al Jazeera
Al Jazeera
Politics

World Bank says Syria eligible for new loans after debts cleared

A stage director looks on at the IMF/World Bank Annual Fall Meetings [File: Andrew Caballero-Reynolds/AFP]

The World Bank says it will restart operations in Syria following a 14-year pause after the country cleared more than $15m of debt with financial backing from Saudi Arabia and Qatar.

The United States-based institution announced on Friday that Syria no longer has outstanding obligations to the International Development Association (IDA), its fund dedicated to low-income countries.

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