World Bank provides funding of $100 million to Somalia

By Staff Writer
Somalia has now received $100,000,000 from the World Bank since the last funding in 1991. Somalia’s finance minister Abdirahman Du’cale Beyle announced the good news and asked its regional heads to submit their budgetary allocations and receipts of expenses incurred for them to benefit from the money.
Somali’s finance ministry has also asked its autonomies to submit their budgets, for them to get their share, and also ensure there is accountability and transparency in the distribution of the funding. The autonomies will now be funded from Mogadishu for the first time.
Though the funding is a welcome idea, it threatens the sovereignty of Somalia’s autonomies, as it will be distributed by the government of Somalia. Ongoing rifts aim between autonomies and the Federal republic of Somalia isn’t yet resolved.