EU condemns Houthi militias' attack on commercial ship flying Dutch flag in Gulf of Aden
The European Union (EU) strongly condemned the attack by the Iranian-backed Houthi terrorist militias on the commercial ship (MINERVAGRACHT), which flies the Dutch flag in the Gulf of Aden.
Israeli Aggression in Gaza leaves 66,005 People Martyred and 168,162 Others Injured
The Israeli occupation's assault on Gaza since October 7, 2023 has claimed a devastating toll of 66,005 lives and 168,162 injuries.
Oil rises from its lowest level in 16 weeks
Oil prices rose today, Thursday, ending a three-day losing streak, recovering from their lowest levels in 16 weeks, but expectations of increased supply from "OPEC+" next month limited the gains.
Paris Saint-Germain beat Barcelona 2-1 in the Champions League
Paris Saint-Germain beat Barcelona 2-1 in the second round of the Champions League for the league stage.
User Name: Password:
IMF provides Somalia with $10 million to reduce poverty, boost growth
[11/12/2024 01:42]
WASHINGTON-SABA
The International Monetary Fund (IMF) has approved the disbursement of $10 million to Somalia to boost the country's economic reforms.

The IMF said in a statement that the latest funding "brings Somalia's total disbursement under the current program, the Extended Credit Facility, originally approved in December 2023 to $60 million.

The IMF added that its Executive Board "has completed the 2024 Article IV consultation and the second review under the Extended Credit Facility for Somalia."

The IMF expects Somalia's real GDP growth to rise to 4 percent for 2024 and 2025 on the basis of strong exports and remittances "amid high risks, including regional and domestic security developments, commodity prices and climate shocks."


Oil rises from its lowest level in 16 weeks
Total of Korean companies grows in 2024 despite industrial companies decline
IMF reduces its global growth forecast to 2.8 percent in 2025
Gold rises as investors assess statements of U.S. Federal Reserve Chairman
Exports, imports decrease in Iraq in Q2 of 2025
Bank of Japan keeps interest rates unchanged
Austrian central bank expects 0.3 percent growth in 2025
Emirati economy grows 5.3 percent in non-oil businesses
Oil declines but stabilizes near its highest in a month
WB grants a $100 million to Madagascar

About Saba News Agency | Usage Agreement | Contact Us