It is fair to say that Somalia was not top of the agenda at this years annual meetings of the International Monetary Fund and World Bank. Finance ministers and central bank governors were too busy chewing the fat over the state of the global economy and the threat posed by cybercrime to pay much attention to a poor country with a population of 14 million people in the Horn of Africa. Or, indeed, pay it any attention at all.
Yet the decisions the IMF and World Bank make or dont make about Somalia matter. They obviously matter to the 400,000 Somali children with acute malnutrition and 3 million people living in crisis or emergency food security conditions. They also matter in a wider sense, because both institutions are keen to demons…
Read the full article at: https://www.theguardian.com/business/2017/oct/15/world-bank-and-imf-put-your-money-where-your-mouth-is-on-somalia