The World Bank said recently that it has provided a 75-million-US-dollar grant to Somalia to help bring the country closer to debt relief.

The global lender said the grant is the second in a series of two grants that are helping the country make progress on its path to qualify for full and irrevocable debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative.

For more information, please see https://www.theeastafrican.co.ke/tea/business/world-bank-grants-somalia-75m-in-debt-relief-4323132