AfDB 2023 Annual Meetings: Somalia requires financial mechanisms to support economic reforms

Somali Prime Minister Hamza Abdi Barre said on Tuesday that the state requires dedicated financial mechanisms to support economic reforms and recovery, enabling them to effectively address fragility drivers such as climate change.

Barre made his announcement during the annual meetings of the African Development Bank Group (AfDB) 2023, taking place in Sharm El Sheikh from May 22 to 26.

"Fragile states like #Somalia require dedicated financial mechanisms to support economic reforms and recovery, enabling them to effectively address #fragility drivers such as #climatechange." – Prime Minister @HamzaAbdiBarre of #Somalia #AfDBAM2023 pic.twitter.com/tgk7dGfLSp

— African Development Bank Group (@AfDB_Group) May 23, 2023