Khaberni - Saudi Finance Minister Mohammed Al-Jadaan, on Friday, stated that the international community stands with Syria, and many investments are currently receiving their final touches.
Al-Jadaan, who chairs the Steering Committee of the International Monetary Fund, told reporters that it is the duty of the international community to support Syria after decades of isolation.
Al-Jadaan, who is visiting Washington to attend the annual meetings of the International Monetary Fund and the World Bank this week, said: "We stand with Syria. We believe they are serious in their work and sincere in their efforts to do what is right for their people."
He noted that the lifting of sanctions by the United States and the European Union has helped pave the way for private sector investments.
He continued: "I can say that many investments are now heading in this direction.. and from my personal knowledge, I know that many of these investments are indeed receiving the final touches."
Kristalina Georgieva, the Managing Director of the International Monetary Fund, confirmed that the fund is working closely with the Syrian authorities and the World Bank to help build vital institutions, such as the central bank, which would contribute to establishing development and growth.
She added: "We are now working closely with Syria, and a team from the International Monetary Fund has already visited Damascus to discuss enhancing the central bank's capacity to perform the necessary tasks, and to be a pillar of stability."
A team from the International Monetary Fund visited Syria in June for the first time since 2009 to assess the economic and financial situation of the country.
Georgieva said the Syrian finance minister invited her to visit the country. She expressed her happiness to travel there as soon as the "institutional building" being worked on currently is completed.
