World Bank Reaches Out to Somalia

The World Bank issued a press release dated 25 September 2018 titled "World Bank Group's First Strategy for Somalia to Support Inclusive Growth and Resilience."

In an important change of policy, the World Bank endorsed the first four-year Country Partnership Framework (CPF) for Somalia and approved two investment programs worth $80 million. As the country's first development strategy since the early 1990s, the CPF reflects the progress of economic reform and institution building since 2013 when the Bank reengaged with Somalia.