Tag Archives: World Bank

MOGADISHU — Somalia’s private sector got a boost Sunday following a formal pact between the government and the World Bank’s investment division, IFC. The agreement which is a first with the World Bank body aims at supporting investment and growth in the private sector. The sector which forms the plank …

NAIROBI — Somalia’s economic growth is forecast to contract significantly due to the negative impacts of COVID-19 (coronavirus), locust infestation, and extreme flooding. The economy is projected to contract by 1.5 percent in 2020, down from an earlier estimate of 3.2 percent before the pandemic. The latest World Bank Somalia …