United States, March 12 -- The World Bank Board of Executive Directors approved on March 5 a US$20 million grant financing to Syria from the International Development Association (IDA) to strengthen efficiency, transparency and accountability in the use of public funds. The Syria Public Financial Management Capacity Strengthening Project will help improve core public financial management (PFM) and procurement functions, laying the groundwork for their digitalization, strengthen budget controls, and establish robust institutional arrangements for effective coordination and oversight of PFM reforms.After fourteen years of conflict and economic challenges, Syria's PFM systems, institutions, and processes continue to face significant challenges...