Projects
Syria Financial Sector Modernization Project -SFSMP
Syria is undergoing a profound economic and institutional transition following more than a decade of economic disruption that has reduced productive capacity, disrupted trade and investment, strained public institutions, and weakened household welfare.
The project will finance priority investments in payment systems, CBS operational systems, supervisory and financial integrity tools, bank Asset Quality Reviews (AQRs) and follow-up measures, foundations of credit and market infrastructures, and related legal, regulatory, and institutional strengthening, including foundational enablers for the development of responsible housing finance over time. These investments will help enable and restore core financial sector functions, improve the efficiency and reliability of financial transactions, strengthen confidence in formal channels, support gradual recovery of financial intermediation, and create enabling conditions for private sector activity, job creation, and macro-financial stability.