Breaking News
Home / PLATFORMS / DEVELOPMENT (page 10)

DEVELOPMENT

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 …

Read More »

Somalia received $1.9 blln of development assistance in 2019

MOGADISHU — Somalia received US$ 1.9 billion in official development assistance (ODA) in 2019, comprised of roughly equal volumes of humanitarian (US$ 934 million) and development aid (US$ 924 million). The World Bank, United Kingdom, European Union, and Germany were the largest providers of development aid in 2019, together with …

Read More »

President Farmajo launches social safety net program to reduce poverty

MOGADISHU — The President of the Federal Republic of Somalia, H.E. Mohamed Abdullahi Farmajo, has Saturday launched at the presidential palace a nationwide social safety net program, which is better known as “Baxnaano”, to help protect the poor and vulnerable families. The Baxnaano program is funded with a pre-arrears clearance …

Read More »