Tag: development aid
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Somalia Faces Economic Slowdown as International Aid Falls
Overview: Aid Decline and Growth Slowdown Somalia’s steady economic gains in recent years are facing headwinds as international development assistance wanes. In a recent interview with CN, Finance Minister Biixi Iimaan Cige warned that a reduction in aid from major donor countries and institutions is constraining growth, testing the country’s resilience as it seeks to…
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Sida’s Aid to Somalia Under Scrutiny: Secret Deal and Deportations
Overview: A Suspicious Turn in Swedish Aid to Somalia In December 2023, Sweden’s aid agency Sida reportedly became involved in a confidential agreement with Somalia. According to a Swedish public radio report, 100 million kronor set aside for development aid were redirected toward projects closely associated with the Somali prime minister’s administration. The stated quid…