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World Bank approves first loans to Somalia in 30 years

Updated : September 26, 2018 04:42 PM IST

It reopened direct ties with Somalia's federal government in early 2013.
Its board had approved financing of $60 million for the Recurrent Cost and Reform Financing Project and $20 million for the Domestic Revenue and Public Financial Management Capacity Strengthening Project, it said in a statement late on Tuesday.
World Bank approves first loans to Somalia in 30 years
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