IMF expects double-digit growth for Syria in 2026
QAMISHLI, Syria (North Press) – Syria’s economic recovery is accelerating, with the economy expected to record double-digit growth in 2026 and maintain strong momentum in 2027, the International Monetary Fund (IMF) said on Tuesday following a staff visit to Damascus.
An IMF delegation led by Ron van Rooden visited the Syrian capital from July 19 to 23 to assess economic conditions, review reform efforts, and discuss future technical assistance.
According to the IMF, the recovery is being driven by improvements in agriculture, hydrocarbon production, electricity generation, trade, and services, as well as the return of refugees, an increase in visitors, and government spending.
Despite the positive outlook, the fund warned that poverty remains widespread and economic growth is uneven across different regions of the country.
The IMF said that inflation, which slowed in 2025, has risen again this year due to higher fuel and food import prices linked to regional tensions, stronger domestic demand, rising utility costs, and increased housing prices.
The organization added that Syria’s fiscal performance has improved significantly, with the central government recording a small budget surplus in 2025 and revenues expected to increase further in 2026 through higher tax, customs, and hydrocarbon income.
The IMF also stressed the need for banking sector reforms, stronger public financial management, improved economic data, and enhanced measures to combat money laundering and terrorism financing.
The fund pointed out that continued international support remains essential to address Syria’s humanitarian and development needs and facilitate the sustainable return of refugees and internally displaced people.