VOL. XLI

No. 20

18-May-1998

SYRIA

World Bank Satisfied With Syria's Debt Repayment Record

The President of the World Bank, Mr. James Wolfensohn, said last week during a visit toSyria that the latter was abiding by its agreement with the bank to repay arrearsamounting to $526.5mn. Under a debt settlement agreement signed on 27 July 1997, Syriapaid arrears of $269.5mn in one installment on 1 September 1997. The remainder is beingrepaid in monthly installments of $6.1mn over a period of five years...