September 8, 2022

Trade and Infrastructure in Somalia

Somalia is considered to have one of the poorest economies in the world primarily because of its failed statehood, fragile government, weakened institutions, infrastructure deficit, and unbalanced trade. These issues have been exacerbated by many decades of armed conflict, natural disasters, disease outbreaks, famine, underutilized human capital, fragmented donor resources, and untapped and natural resource. …

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Domestic Revenue Mobilization and Institutional Development

Somalia’s domestic Revenue Mobilization (DRM) strategy intends to mobilize domestic resources to finance inclusive growth and sustainable development as defined in the Somali Growth and Economic Transformation Strategy – Vision 2050. It seeks a sustainable and inclusive growth strategy in resource mobilization to guard against national vulnerability, and the unpredictability of donor funding. In addition, …

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