Somalia Urges Shift from Aid

Somalia’s Finance Minister, Biixi Iman Egeh, urged global lenders to prioritize investment and job creation over traditional aid during the 2025 World Bank and IMF meetings. He said Africa must adapt to a shift from aid to investment-focused partnerships by creating favorable legal and economic conditions. Egeh highlighted Somalia’s financial reforms, private sector growth, and efforts to integrate into the global financial system through the Horn of Africa Initiative and collaboration with development partners.