Syria Arab Republic, Aug. 7 -- The World Bank Board of Executive Directors approved yesterday a US$100 million grant from the International Development Association (IDA) to support Syria in building the foundations of a modern, secure, and digitally-enabled financial sector. The Syria Financial Sector Modernization Project will support investments that will help make financial transactions safer, faster, and more transparent, while creating conditions for better access to financial services.After 14 years of conflict, Syria's financial sector remains small, bank-centric, and heavily reliant on cash with minimal financial intermediation, outdated digital payment infrastructure, and challenges in supervisory, financial integrity, and financia...