Tag: Somalia economy
-
Somalia: Declining International Aid Slows Economic Growth
Introduction: Aid Decline and Economic Trajectory Somalia’s economy has shown resilience in recent years, with growth driven by services, livestock exports, and some public investments. But officials warn that shrinking development assistance from major international donors is beginning to weigh on momentum. In a recent interview with a major news outlet, Somalia’s Finance Minister Biixi…
-
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…