Somali government, World Bank sign $445 million projects

Photo/Somali Times

The Minister of Finance of the Federal Government of Somalia, Abdirahman Duale Beyle, met with Kristina Svenssn, Somalia’s Representative to the World Bank, at the Ministry of Finance. The Finance Minister in his meeting with the World Bank’s representative in Somalia spoke of success to modify the economic and investment projects in the future.

Minister of Finance after the meeting, Abdirahman Beyle and the World Bank Representative Kristina signed a $445 million grant agreement for various development projects in Somalia.

Minister Bayle said the signed projects are very important for Somalia, especially in the areas of health and education.

”This donation to our country is a testament to the way we have behaved over the last four years. And how this country is believed to have achieved a lot, and will continue to do so,” said Minister Bayle.

Beyle said the funds for the projects will be distributed across the country.

The World Bank has donated millions of dollars to Somalia in recent years. Last year the World Bank has invested in more than 100 million and donated in order to have the Covid 19 vaccination.