Karam Shaar Advisory LTD

Issue 6

The State of Syria’s Domestic Debt

An assessment of the size of domestic debt and to whom it’s owed. The country’s approach to domestic debt will affect its creditworthiness and access to credit.

Issue 6

Interview: How to Re-plug Syria’s Banking Sector into the Global System

Reintegrating Syria into the global financial system requires more than just sanctions relief. Major banks remain bound by US compliance rules, and past attempts like INSTEX show that market forces won’t move without strong incentives such as tax breaks or subsidies. European governments must treat Syria’s financial re-engagement as a security priority, leveraging sovereign-backed institutions and regulatory guarantees.

Supporting Syria Through Data, Access, and Expertise

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