Beyle remarks after the international community's decision - Dream Smart

Latest

Thursday, July 1, 2021

Beyle remarks after the international community's decision

 The Minister of Finance of the Somali Government, Mr. Abdirahman Duale (Beyle) spoke about the economic situation in the country, as it is, the transition period and the election phase.


Bayle announced that the international community has cut off all funding to the Somali federal government.


The minister attributed this to the current transition period, pointing out that every six months before the election, the economy will be cut.


He added that this was normal and that the international community's finances would be restored when a new government was elected.


"Six months before the election, aid will be cut off. When the president is elected, they will evaluate his changes and the way he is running his affairs. When they are satisfied with that, they will return it," said Minister Abdirahman Duale Bayle.


Meanwhile, Somalia's finance minister said that the international community's ongoing projects in Somalia are ongoing and will not be affected by the cuts to the federal government.


The statement comes as preparations are underway for Somalia's elections, which were announced yesterday.


Somalia enjoys strong financial support from the international community, which complements the government's budget and contributes to the country's economy.
 

No comments:

Post a Comment