Somalia Cuts Growth Outlook for 2025

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Somalia’s Finance Minister Bihi Iman Egeh says a sharp drop in global development assistance has weakened the country’s economic outlook, lowering projected growth from 4% in 2024 to about 1% in 2025. He told CNBC Arabia that reduced donor funding is increasing pressure on limited domestic revenues despite recent gains from tax digitization and financial reforms. Egeh said Somalia still relies on international support as it expands its budget and channels more resources into social programs.