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Published 1 month ago

World Bank Issues Strong Warning to Somalia Over Unsubmitted Audit - Horseed Media

Summary by Horseed Media
The World Bank has delivered an unprecedented stern warning to the Federal Government of Somalia regarding the lack of submission of audits for grants and development programs. In a written statement seen by Horseed Media, the bank informed Somali financial authorities that required financial statements have not been submitted by the December 31, 2022 deadline. Despite Somalia requesting a 9-month extension, the audits remain outstanding. The Wo…

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World Bank Issues Strong Warning to Somalia Over Unsubmitted Audit - Horseed Media

The World Bank has delivered an unprecedented stern warning to the Federal Government of Somalia regarding the lack of submission of audits for grants and development programs. In a written statement seen by Horseed Media, the bank informed Somali financial authorities that required financial statements have not been submitted by the December 31, 2022 deadline. Despite Somalia requesting a 9-month extension, the audits remain outstanding. The Wo…

1 month ago
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