Financial And Banking News


Somalia Needs $43Omn in Aid during 1986, Says Consultative Group

Somalia's aid needs during 1986 will total some $430mn, according to the Consultative Group for Somalia (CGS) which met in Paris earlier this month. The Group includes 21 countries and institutions and is chaired by the World Bank. The CGS said it was encouraged by Somalia's determination to pursue a recovery program and to reach an accord with the IMF on financial and economic reforms,...