AfDB Renews Assistance to Somalia

The African Development Bank has

with Somalia, more than 10 years after the bank suspended its operations in the African country. To mark this renewal of operations, AfDB has approved a USD2 million grant to support the country's public management sector. A portion of the grant will also be used to create transparent financial system and build the capacities of people and institutions involved in the country's public financial sector.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.