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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.

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