Syria urges IsDB to prioritize post-conflict states in new concessional fund

Syria's Finance Minister Mohammed Yisr Barnieh urged the Islamic Development Bank (IsDB) at its 2026 annual meetings in Baku to ensure the bank's newly launched concessional financing fund gives priority access to post-conflict countries and offers more flexible financing tools to support recovery and reconstruction. Barnieh welcomed the fund but emphasized the need for mechanisms that address debt challenges and broaden access for nations emerging from conflict.

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He called for strengthened concessional financing specifically for Syria's reconstruction, the creation of instruments to encourage private-sector investment, and deeper cooperation with IsDB Group institutions. The meetings, held June 16–19 under the theme “Regional Integration for Sustainable Prosperity,” brought together IsDB governors and development partners; the IsDB was established in 1974 and has 57 member states. as reported by SANA