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LOANS & CREDITS June 23, 2020

Somalia Re-engagement and Reform Supplemental Development Policy Financing

Development Policy Grant: US $55 million equivalent

Maturity: 30 years    Grace: 5 years

Project ID: P174064

Project Objectives Description: The objective of the supplemental financing is to help the Federal Government of Somalia (FGS) close an unexpected financing gap caused by the Covid-19 pandemic, flooding, and infestation of locusts, while minimizing the effects of the ongoing crisis on continued  implementation of reforms supported by the Somalia  Reengagement and Reform DPF(P171750), approved on February 27, 2020.

For more information about this project, visit https://projects.worldbank.org/en/projects-operations/project-detail/P174064


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