Somalia has received a grant worth $125 million from the World Bank.
The grant is designed to support the ongoing economic reforms in the East African nation.
Minister of Finance Bihi Egeh expressed gratitude to the World Bank for providing the funds for support Somalia’s economic reforms.
He emphasized that the grant will significantly contribute to boosting domestic revenue, improving public financial management, enhancing debt management, and fostering private sector growth.
The government remains committed to these reforms, aiming for a more prosperous future for Somalia.