The country depends heavily on international humanitarian aid and remittances from Somalis who work abroad. Agriculture, including livestock and crops, still accounts for more than 70% of the economy.

WASHINGTON – Somalia will press ahead with poverty reduction efforts and a major regional ports and corridors initiative if international creditors forgive the country’s $5 billion debt this February, ...

This Joint Staff Advisory Note (JSAN) on the Poverty Reduction Strategy Paper for Somalia highlights that Somalia continued to face challenges while implementing the Ninth National Development Plan in ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper on Somalia focuses on completion point document for enhanced heavily indebted poor countries (HIPC) initiative.

In this article, we discuss the 30 Countries With Extreme Poverty. If you would like to skip our detailed analysis of the subject, you can go directly to 10 Countries With Extreme Poverty. The World ...

Türkiye’s industrial group OYAK and Somalia’s Fisheries and Blue Economy Ministry have signed a strategic cooperation and services agreement to cooperate in the fisheries sector. Wednesday’s signing ...

Haley Mast is a freelance writer, fact-checker, and small organic farmer in the Columbia River Gorge. She enjoys gardening, reporting on environmental topics, and spending her time outside ...

Somalia is currently facing the worst drought in 40 years. As in other countries, hunger has increased, amid a series of global shocks affecting the supply of food, including COVID-19-related supply ...

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It was reported this month that President Trump asked for a plan to remove U.S. troops from Somalia, the poverty and war-stricken eastern African nation where roughly 700 U.S. troops are stationed.