IMF (67)


A group of four American Republican senators has challenged the United States’ support for a proposal by the International Monetary Fund (IMF) that would allow member countries including Syria and Iran to tap into a USD 650 billion funding allocation.


A new report has assessed the cost of a decade of conflict on Syria’s economy at more than USD 1.2 trillion - the highest ever estimate.


Despite growing by almost eight percent last year, all major indicators indicate a deep deterioration in economic and social conditions in Syria, a recently released report has said.


Hazem Qarfoul, the governor of the Central Bank of Syria, has implicitly admitted that defending the value of the Syrian pound in the foreign exchange market was no more a priority.


Syria’s foreign trade value, composed overwhelmingly of imports, increased by some 18 percent in the first ten months of 2017, according to official reports.


The international community has pledged to give USD 5.9 billion to offset the humanitarian impact of the war on Syria and its neighbouring countries.


The European Union issued today a document that outlines its key objectives and lines of actions on Syria, including for post-war reconstruction.


Preliminary data from the Syrian government suggest that the trade deficit decreased last year as imports fell by almost a third.


Iran has granted a new credit facility to Syria, although its amount is well below the expectations of the Syrian authorities.


Syrian exports were at a record low last year, data indicate.


The Syrian government may, after all, not be able to pay for the one million tons of wheat it has tendered to buy from Russia.


It could take up to 20 years for Syria to recover its GDP of 2010, the International Monetary Fund estimates in a recent report.


A weekly selection of reports, papers and articles on Syria.


Data from Wikileaks have confirmed that the Central Bank of Syria has deposited significant amounts of its foreign assets in the Russian banking system.


The Syrian pound is continuing its downward spiral and lost in the last week some five percent of its value relative to the dollar as the Government admits that its foreign currency reserves are now very low.


The Ministry of Petroleum has announced the inauguration of a new gas well as it keeps investing in the oil and gas fields under its control in order to reduce the shortages of energy supplies in the market.


According to the Ministry of Economy, Syria’s import bill last year halved on an annual basis.


Syria's balance of payments between 2010 and 2015 based on data from the International Monetary Fund.


Syria’s balance of payments remained largely in the red last year as the current account continued to suffer from dismal goods and services exports, the IMF said in a report on the state of the Syrian economy.


A weekly selection of reports, papers and articles on Syria.


A weekly selection of reports, papers and articles on Syria.


The text of Security Council Resolution 2253 (2015), imposing sanctions on the Islamic State in Iraq and the Levant (also called ISIS).


Syria ranked 98 worldwide in the latest Global Competitiveness Index, a decline of one rank compared to last year.


Syria’s economy should shrink by as much as 3 percent this year, while the budget and current account deficits will further deteriorate this year and next, according to one of the first assessments of the impact on the economy of the current unrest gripping Syria and the Middle East.


The OECD has lowered Syria’s credit risk rating by one notch to 7, the lowest rate in its scale, as protests taking place across the country are expected to create a severe economic downturn.


The International Monetary Fund has lowered its projections for Syria’s GDP growth this year in response to the unrest that has taken hold of the country since March 15.

The Syrian financial sector performed extremely well in 2007 according to the latest annual survey of the Syria financial sector, Banking and Financial Services Syria 2008.
Assets of the Syrian Banking Sector reached USD 34 billion at the end of 2007, an annual increase of 12 percent, while net credit facilities increased by 25 percent.
The International Monetary Fund has confirmed its projections for Syria’s GDP and inflation growth and for its current account balance for the coming year.
Syria’s sovereign risk rating has been upgraded from CCC to B with a stable outlook by the Economist Intelligence Unit.
Syria’s nominal gross domestic product should exceed the USD 60 billion mark this year as the economy continues to grow and inflation remains subdued, according to projections from the IMF.

Syria’s nominal gross domestic product should exceed the USD 60 billion mark this year as the economy continues to grow and inflation remains subdued, according to projections from the IMF.

The International Monetary Fund has revised upward its estimate and projections for Syria’s Gross Domestic Product growth.
Syria’s economy should be strengthening in the coming years although a delay in global recovery or faltering reform could worsen its outlook, according to the IMF.

Syria’s economy continued to grow at about 4 percent last year, as the impact of the global crisis remained limited, an IMF report said.

Syria’s Real Gross Domestic Product should grow by 3 percent in 2009, according to the International Monetary Fund.
Syria's real Gross Domestic Product rose by 7 percent in 2008 while the inflation rate stood at 5.4 percent, according to preliminary data from the Central Bureau of Statistics.
*By Ben Simpfendorfer
The rise of China is one of this century’s great stories. The country ranks as the world’s third largest economy, the world’s second largest oil consumer, and one of the largest holders of United States government debt. It is no surprise that the sudden slowing in China’s economic growth, from 13 percent to 7 percent, has captured the attention of bankers and CEOs alike.

A bi-annual report by the World Bank has forecast a growth of 2.5 percent in Syria’s Gross Domestic product next year.

Syria’s GDP growth should continue at moderate to high levels in the coming years, its fiscal and current account deficits be contained at around 3 and 4 percent respectively and its CPI fall back to single digits, according to preliminary findin...

Prospects for the launch any time soon of the Value Added Tax in Syria look grim following several statements from the Minister of Finance, Mohammad Hussein.

Syria’s Gross Domestic Product should rise by 4.2 percent this year and 5.2 percent in 2009, according to the International Monetary Fund.
Syria will start imposing a Valued Added Tax with a rate of 10 percent starting 2009, according to Mohammad Hussein, Minister of Finance.
Syria’s Gross Domestic product should grow by 4 percent in 2008, according to IMF projections.

Syria has begun participating in the IMF’s General Data Dissemination System (GDDS), according to the Washington-based institution.

Rakia Moalla-Fetini, IMF mission chief for Syria, talks to The Syria Report in an exclusive interview.

Subsidies by the Syrian Government will cost the State’s treasury SYP 350 billion (USD 7 billion) in 2008 according to Abdallah Dardari.

Bashar Al-Assad’s speech to the nation on July 17, marking the beginning of his second term as president, contained many references to Syria’s economic situation.

The International Monetary Fund has published an extremely positive report on the performance of the Syrian economy in 2006.

Syria is still far from its target of a social market economy, says Taysir Raddawi, the head of the State Planning Commission.
The Central Bureau of Statistics is working hard to improve the quality and reliability of its data, Ibrahim al-Ali, head of CBS said.