Syria hopes for terrorism list removal to open US investment
Syria's finance minister is optimistic about the US potentially removing the country from its state sponsor of terrorism list. This move is seen as the final step to unlock US investment in sectors like telecoms, banking, and healthcare. However, this designation still blocks US companies from doing business there and restricts Syria's use of its New York Fed account for commercial activities. The IMF is working with Syria on economic reforms, aiming to complete its annual review this year, though data challenges remain.
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