Syria regains eligibility for loans after arrears cleared, says World Bank – Middle East Monitor

Syria’s eligibility for World Bank funding has been reinstated after Saudi Arabia and Qatar paid off the country’s $15.5 million debt to the institution, the bank announced Friday, Anadolu reports.

The arrears, owed to the International Development Association (IDA) — the World Bank’s fund for the world’s poorest countries — were cleared as of May 12, reinstating Syria’s eligibility for new operations, the bank said in a statement.

“As of May 12,…