Syrian Finance Minister Mohammed Yasser Barnieh confirmed that Decrees No. 69 and 70 of 2026, concerning incentives and exemptions for affected businesses and the settlement of non-performing loans in public banks, aim to alleviate the burden on those affected and help them resume their economic activity.
Barnieh explained that these measures include tax exemptions to help rehabilitate businesses and create job opportunities, in addition to waiving interest on non-performing loans and returning the principal, thus contributing to easing the burden on citizens.
He indicated that tens of thousands of Syrians will benefit from these decrees, with the expectation that thousands of cases and legal proceedings will be resolved and freezes lifted on frozen properties, returning them to the economic cycle.
The minister clarified that the goal of these steps is to reduce poverty and unemployment by reintegrating those in financial distress into the economy and achieving a degree of social justice by distinguishing between genuinely struggling businesses and those deliberately defaulting.
Barnieh affirmed that these decrees will not include associates of the former regime or individuals implicated in corruption cases under investigation, emphasizing that oversight bodies reserve the right to exclude any beneficiary proven to have exploited these facilities.
He also clarified that these measures are not retroactive and are unrelated to the financial settlements related to the Illicit Gains Authority, noting that work is underway to issue the implementing regulations in preparation for putting the two decrees into effect.
This comes pursuant to Presidential Decree No. 69 of 2026 concerning the assessment of damages and the granting of exemptions, and Decree No. 70 of 2026 concerning the settlement and rescheduling of debts according to specific conditions.
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