VOL. XL

No. 36

8-September-1997

SYRIA

Syria Starts Repayment Of World Bank Loan

The Syrian Finance Minister, Mr. Khalid Mahaini, said last week that his country hasbegun payment of its outstanding debt of $526.5mn to the World Bank. A lump-sum payment of$269.5mn was transferred to the World Bank on 1 September and the balance, whichrepresents debt servicing, will be repaid in monthly installments of $6.1mn. The Ministersaid that the agreement to settle Syria's arrears to the World Bank was...