• Saudi Arabia and Qatar are settling Syria's $15 million debt to the World Bank.
• This action is pivotal for Syria's recovery post-civil war, after a 14-year suspension of World Bank operations.
• The move aims to unlock international financial support for critical development projects in Syria.
• Access to funds is expected to aid in rebuilding Syria's shattered economy and institutions.
• The new interim government seeks to strengthen diplomatic ties with global financial institutions.

Saudi Arabia and Qatar have announced their commitment to settle Syria's outstanding debt to the World Bank, which totals $15 million. This decision is a collaborative effort aimed at aiding Syria's recovery following years of civil conflict, according to TRT and Al Jazeera.

The joint financial support from both Gulf nations is designed to enable the World Bank to resume operations in Syria, which had been suspended for over 14 years due to the ongoing conflict. As stated in the official announcement, the clearing of Syria's debt will allow for necessary financial assistance and technical support to facilitate institutional rebuilding, according to New York Times and TRT.

This development comes shortly after Syria's central bank governor and finance minister attended important financial meetings for the first time in more than two decades. The commitment from Saudi Arabia and Qatar signifies their strategic role in reinstating Syria within the international financial system and supporting its new interim government, which is working to recover from the civil war's devastating impacts, according to Al Jazeera and New York Times.

The Syrian government has expressed its appreciation for this financial assistance, which it believes will facilitate access to further international cooperation in economic reconstruction. The ongoing challenges, including high poverty rates and inflation, remain pressing issues as the country attempts to rebuild, as noted by New York Times and TRT.