| Financier | Commitments |
|---|---|
| IDA Grant | 125.00 |
First Somalia Economic Resilience Development Policy Financing
Abstract*
The development objective of the First Somalia Economic Resilience Development Policy Financing for Somalia is to promote economic resilience through more sustainable public finances and resilient private sector development. Pillar A aims to ensure sustainable public finances. This will contribute to the macroeconomic stability and will expand fiscal space required to meet Somalia’s large development needs in the context of high volatility to climate... Show More
Development Objective
To promote economic resilience through more sustainable public finances and resilient private sector development.
Key Details
Project Details
P501988
Active
Stella Ilieva , Philip M. Schuler
Federal Republic of Somalia
April 26, 2024
(as of board presentation)
July 30, 2024
August 1, 2024
US$ 0.00 million
Ministry of Finance
2025
US$ 125.00 million
N/A
N/A
December 31, 2025
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | N/A |
| IDA Commitment | 125.00 |
| IBRD + IDA Commitment | 125.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Aug 22, 2024 | IDA-E3560 | Loan Disb | 122,214,352.00 |
| Jul 30, 2024 | IDA-E3560 | Loan Commitment | 125,000,000.00 |
Results Framework
No data available.