Somalia announced that the World Bank has approved a grant of $75 million to support the Somali government's budget for the current year, 2023.
Today, the Somali government welcomed the World Bank's decision, stating that this financial support comes at a time when the government is achieving success in economic reforms. The grant will facilitate the smooth implementation of the Ministry of Finance's efforts to develop a comprehensive economy, as reported by the official Somali News Agency.
Somalia is experiencing increased cooperation with international organizations following the reforms being undertaken by the government in the country.
Source: Qatar News Agency