October 6, 2022

World Bank provides $100 million to Somalia

1 min read

World Bank Country Director for Somalia Kristina Svensson met with President Hassan Sheikh Mohamud and announced that the World Bank will provide $ 100 million in government assistance.

The meeting between Hassan and Kristina focused on strengthening cooperation between the World Bank and the Federal Government of Somalia led by President Hassan.

Ms Kristina said the money will be supported by the World Bank over the next 12 months, to address the government’s priorities.

She also praised President Hassan Sheikh Mohamud for his commitment to reforming the country’s financial system.

For his part, President Hassan Sheikh Mohamud highlighted the federal government’s commitment to improving social services and youth employment.

Finally, he called on the World Bank to work with the government to modernize the federal system.

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