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World Bank Approves $137.5 Million for Somalia’s Response to COVID-19, Floods, and Drought

WASHINGTON, May 15, 2020 — The World Bank Board of Directors today approved a $137.5 million International Development Association (IDA) grant to help Somalia respond to and recover from multiple, ongoing, and overlapping crises.

date:  15/05/2020

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With repeated cycles of flooding and drought over many years, swarms of desert locusts threatening food security, as well as the COVID-19 pandemic, Somalia is in the grip of a climate – and now public health – emergency, which is only compounded by two decades of armed conflict, all of which are having a devastating effect on the lives and livelihoods of the Somalian people, 70% of whom are poor.

Full text available here: https://www.worldbank.org/en/news/press-release/2020/05/15/world-bank-approves-137-5-million-for-somalias-response-to-covid-19-floods-and-drought