Quartet of Syrian-Turkish Normalization to Meet in Moscow on May 10

Meeting at the level of defense ministers of Syria, Türkiye, Iran, and Russia in Moscow on (Russian Defense Ministry – AFP)
Meeting at the level of defense ministers of Syria, Türkiye, Iran, and Russia in Moscow on (Russian Defense Ministry – AFP)
TT

Quartet of Syrian-Turkish Normalization to Meet in Moscow on May 10

Meeting at the level of defense ministers of Syria, Türkiye, Iran, and Russia in Moscow on (Russian Defense Ministry – AFP)
Meeting at the level of defense ministers of Syria, Türkiye, Iran, and Russia in Moscow on (Russian Defense Ministry – AFP)

The foreign ministers of the quartet Russia, Syria, Türkiye, and Iran will meet in Moscow on May 10 to advance the normalization path between Damascus and Ankara and address several issues related to enhancing the chances of a political settlement, a Russian diplomatic source told Asharq Al-Awsat.

The diplomat said that intensive meetings are taking place in Moscow and the concerned capitals to finalize the arrangements for this meeting, stressing that experts in all relevant Russian institutions continue to work daily to ensure its success.

They also set an agenda to enhance the recovery and settle the outstanding issues between Syria and Türkiye.

He pointed out that the deadline for the ministerial meeting has been set on May 10, and Moscow will invite the ministers accordingly.

The source also expressed the conviction that the settlement of Turkish-Syrian relations is taking place steadily, and all attempts to obstruct it will fail.

He indicated that recovery in Syria at all levels couldn’t happen without basing it on the settlement of relations between Syria and Türkiye and the return to good neighborliness, cooperation, and mutual benefit.

Moscow calls on all parties, especially Damascus, to help advance the Russian efforts, said the source.

“We hope that all parties will deal responsibly and work seriously to ensure the success of the Russian initiative and implement the steps resulting from the Astana Group meetings, the quadripartite ministerial meetings, and the outputs of the Arab ministerial meeting, recently held in Amman," he added.

The diplomat stressed that Russia supports the outcomes of the meeting of Arab foreign ministers in Amman and considers it a step towards helping Syria to get out of its crisis.

He asserted that advancing the path of normalizing Arab relations with Syria constitutes an additional important step that complements the Russian efforts to normalize relations between Damascus and Ankara.

On April 25, Moscow hosted a meeting at the level of defense ministers and intelligence chiefs of Syria, Türkiye, Iran, and Russia to discuss normalization between Damascus and Ankara.



World Bank Looking to Free up Emergency Funds for Lebanon, Managing Director Says

 A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
TT

World Bank Looking to Free up Emergency Funds for Lebanon, Managing Director Says

 A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)
A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (AFP)

The World Bank is looking to free up emergency funds for Lebanon, potentially including up to $100 million through the use of special clauses in existing loan deals, its managing director of operations told Reuters.

The Washington-based development lender currently has $1.65 billion in loans to the country including a $250 million loan approved this week to help connect dispersed renewable energy projects in the country.

Amid fighting across southern Lebanon, the bank was currently discussing ways in which it could help support the economy, including through the use of so-called Contingent Emergency Response Component (CERCs) clauses.

"We can use our existing portfolio and free up some money for really critical, short-term liquidity needs," Anna Bjerde said.

CERCs are present in around 600 of the bank's existing projects, globally, and allow it to redirect funds that have yet to be disbursed, if requested to by a government, for example after a health or natural disaster, or during conflict.

Lebanon has yet to make such a request, Bjerde said.

After a year of exchanges of fire between Hezbollah and Israel mostly limited to the frontier region, the conflict has significantly escalated in Lebanon.

Hezbollah fired rockets at Israel's third largest city Haifa on Monday, while Israeli forces looked poised to expand ground raids into south Lebanon on the first anniversary of the Gaza war, which has spread conflict across the Middle East.

Lebanon's government could choose to use an existing social protection program that was put in place during the COVID-19 pandemic that allows for financial support to be sent to individuals, Bjerde said.

"It has the benefit of being totally digital so you can reach people, plus it can be verified a bit... so we will also probably use that to top up the social safety net for those that are particularly affected."

Up to 1 million people have been internally displaced in the country, she added: "So it's important we focus on that".

Lebanon's finance ministry and economy ministry did not immediately respond when asked for comment.