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13 Sep 2018 description
report World Bank

Somalia Economic Update: Rapid Growth in Mobile Money

NAIROBI, September 13, 2018 - Somalia’s economy is projected to grow at an annual rate of 3–4 percent, according to the third Somalia Economic Update (SEU) published by the World Bank. Titled “Rapid Growth in Mobile Money: Stability or Vulnerability?”, the SEU assesses Somalia’s vibrant mobile money market, and provides concrete recommendations on introducing mobile money regulation that can boost a secure system for widespread financial inclusion.

07 Sep 2018 description
report World Bank

MOGADISHU, September 6, 2018—The Federal Government of Somalia (FGS) and the World Bank launched the flagship infrastructure project in Somalia. The Somali Urban Resilience Project (SURP), worth US$ 9 million, will be the country’s first national test case for municipal infrastructure delivery.

15 Jun 2018 description
report World Bank

STORY HIGHLIGHTS

  • This World Day to Combat Desertification and Drought, read stories from Somalia, where only a year after the country declared drought as a national emergency, a famine has been successfully averted

  • Four farmers and entrepreneurs share the stories of how they broke out from cycles of drought with help from the FAO, the ICRC, the World Bank and GFDRR, and partners like USAID and DFID

06 Jun 2018 description
report World Bank

Earlier this spring, I was invited to participate in the launch of Pathways for Peace, an important study jointly developed by the UN and World Bank. Based on extensive research of what has ‘worked’ in different countries, the study sets out recommendations for how development processes can better interact with security, diplomacy, mediation, and other efforts to prevent conflicts from becoming violent.

13 Mar 2018 description
report World Bank

Crisis is becoming a new normal in the world today. Over the past 30 years, the world has lost more than 2.5 million people and almost $4 trillion to natural disasters. In 2017 alone, adverse natural events resulted in global losses of about $330 billion, making last year the costliest ever in terms of global weather-related disasters.

20 Feb 2018 description

The Somalia Drought Impact and Needs Assessment (DINA), a process led by the Federal Government of Somalia (FGS) and Federal Member States (FMS), with technical and financial support by the World Bank (WB), United Nations (UN) and European Union (EU), aims to reduce the country’s vulnerability to climate shocks, strengthen resilience and significantly reduce the future risk of famine in Somalia.

20 Feb 2018 description

The Somalia Drought Impact and Needs Assessment (DINA), a process led by the Federal Government of Somalia (FGS) in partnership with the Federal Member States (FMS), the World Bank (WB), United Nations (UN) and European Union (EU), aims to reduce the country’s vulnerability to climate shocks, strengthen resilience and significantly reduce the future risk of famine in Somalia.

20 Feb 2018 description

This drought impact and needs assessment (DINA) was conducted using remote sensing technology to validate findings. This DINA goes beyond determining the damages, losses and resulting needs; it aims for a multi-sectoral, phased recovery strategy focused on strengthening resilience to future disasters and effectively preventing the cyclical risk of famine.

23 Jan 2018 description
report World Bank

This step marks first collaboration between Germany and the World Bank in Somalia

MOGADISHU, January 23, 2018 —The German Government announced its commitment of EUR 23.4 million to support infrastructure work in Somalia. Channeled through the World Bank’s Multi Partner Fund (MPF) the contribution will strengthen municipal planning and implementation capacity to improve access to basic infrastructure.

10 Nov 2017 description
report World Bank

SUBMITTED BY HASSAN HIRSI

Reform communications explains and promotes reforms to all concerned audiences, and ensures consistency, balance, and participation, all the way from a reform’s design to its implementation. It can also make sure that audiences understand the reform, contribute to stakeholder inclusion, and hold the owners of the reform accountable.

What does that mean in a country like Somalia? More importantly, what does that mean for a country like Somalia right now?

09 Oct 2017 description

Mogadishu, 9th October. High-level technical experts from around the world have met this weekend in Mogadishu to kickstart a Government-led Drought Impact Needs Assessment (DINA), which will identify the drivers and impact of recurrent drought, and outline long-term solutions that can prevent famine as a result of drought.

05 Oct 2017 description
report World Bank
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Somali version

WASHINGTON, October 5, 2017 —Today, the World Bank launched a comprehensive analysis of the welfare conditions of the Somali population. The High Frequency Survey report says every second Somali is living in poverty, with poor households more likely to be deprived beyond monetary poverty as well, and less likely to participate in the labor market.

08 Sep 2017 description
report World Bank

STORY HIGHLIGHTS

  • The Government of Somalia is ramping up their efforts to increase urban resilience with the aim of reducing instability.

  • Local governments across the country are spearheading inclusive urban development with the help of the World Bank.

  • Preparations are underway for a larger scale, World Bank supported infrastructure project

Fostering More Resilient Cities in Somalia

04 Aug 2017 description
report World Bank

MOGADISHU, August 1, 2017- Somalia’s economy is projected to grow at a steady, nominal annual rate of 5% to 7% over the medium-term, according to the second Somalia Economic Update to be published by the World Bank Group. "Mobilizing Domestic Revenue to Rebuild" assesses the prospects for domestic revenue mobilization to support crucial public services and expand economic opportunity.

15 Jul 2017 description
report World Bank

World Bank Group Senior Vice President Mahmoud Mohieldin writes about the New Way of Working and collaboration with UN agencies and International Organizations to help bridge the humanitarian-development nexus.*

Due to drought conditions and conflict, more than 20 million people in in Somalia, Northeast Nigeria, South Sudan and Yemen are at risk of starvation and famine, which is the world’s largest humanitarian crisis since 1945.

14 Jul 2017 description
report World Bank

Somalia is on the brink of famine resulting primarily from severe drought. Half of the country’s population – an estimated 6.7 million people – are acutely food insecure and in urgent need of humanitarian assistance. This comes only six years after a famine led to the death of more than a quarter of a million people – half of them were children.

31 May 2017 description
report World Bank

WASHINGTON, May 30, 2017—The Board of Executive Directors of the World Bank today approved a US$50 million emergency project - Somalia Emergency Drought Response and Recovery Project (SEDRP, the Project) - to scale up the drought response and recovery effort in Somalia. Somalia is facing its worst drought in decades, with over half the population – an estimated 6.7 million people – in need of humanitarian assistance and recovery support.

12 May 2017 description
report World Bank

LONDON, May 11, 2017- On the sidelines of the UK-hosted Conference on Somalia, the Somali government and high level business actors endorsed a Public-Private Cooperation Agreement to Accelerate Somalia’s Economic Recovery. The event was supported by the World Bank Group and the British Department for International Development (DFID) and was opened by His Excellency Mohamed Abdullahi “Farmaajo”, President of the Federal Republic of Somalia and Rt. Hon Priti Patel, UK Secretary of State for International Development.