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Foreign Policy, 25 August 2014

25.08.2014 Michela Wrong Foreign Policy


Foreign Policy contributor Michela Wrong links to our Somalia Briefing summary in her article on remittances and Somaliland. The piece highlights how families and international NGOs alike rely on remittance flows and would be left incredibly vulnerable without them, as there are no functioning private banks in the Somali regions. The few banks that still offer services to money transfer operators (MTOs) are worried about narrow profit margins and reputational risks.