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World Bank approves 55 mln USD grant for Somalia

MOGADISHU — The World Bank has approved a 55 million U.S. dollar grant to support Somalia’s economic recovery through continued fiscal and other economic policy reforms. Hugh Riddell, World Bank country manager for Somalia, said the policies will strengthen fiscal management and promote inclusive private sector-led growth. “The budget support …

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UN calls for continued efforts to help refugees and displaced people in Somalia

MOGADISHU — Marking World Refugee Day, the United Nations in Somalia today called for continued efforts to alleviate the plight of refugees and displaced persons in Somalia. Despite significant efforts by the Somali authorities, there are still at least 2.6 million Somalis who are internally displaced, and the country hosts …

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