Somalia

Economic Snapshot:

Somalia is slowly progressing more and more to reach the Heavily Indebted Poor Countries (HIPC) Initiative. Which means its economy is slowly declining more and more.
They have a GDP per capita of $1,100 which was last calculated in 2021. About 54.4 percent of Somali population live below the poverty line. Their infant mortality rate is about total: 85.06 deaths/1,000 live births.
The economy in Somalia is mostly based off of raising livestock.
Somalia had launched its Ninth Somalia National Development Plan in December 2019

Historical Snapshot:

For a long time fighting and conflicts have severely damaged Somalia's economy. The country is now divided and it has different groups controlling different parts of it.
A recent event that has impacted their current struggles is that recently Somalia has again been struggling with famine following a two-year drought that ended in 2017.
Somalia has not been a peaceful country and during the 1990s more than 10 peace conferences were held to address the warfare in Somalia but all of them were unsuccessful.

Economic Successes:

In Somalia the women tend to have high fertility rates which can be considered a good and bad thing since more kids means that they need to pay more but it also means more people that can work.
Somalia’s most valuable resources are its pastures which are very plentiful in the country.
What has potential are the different groups who are united together by their common enemy which are the people who commit terrorist attacks in Somalia as well as other people causing more suffering for their country.

Economic Challenges:

Some major challenges Somalia has faces are disease as well as starvation.
They have had to face many food shortages and haven't had access to doctors as well as medicine to help fight off dieseases.

Catholic Relief Services:

A Catholic charitable organization in Somalia is the Catholic charitable organizations (CRS). They help the countless childreen that need food and nutritional support. They give emergency food aid, water, and vocational training for the most vulnerable people. Mogadishu, Baidoa, and other cities in south-central Somalia are where CRS works with local government and communities to help the people of Somalia.

Plans to Overcome the Challenges:

To help Somalia it is important that everyone comes together and the government is fair as well as open to new ideas. We would work on fixing things like roads and buildings to make it easier for businesses to grow and for people to get around. We would also make sure that the people of Somalia learn good skills so that they can find jobs. If there are arguments/fights we'd find ways to make peace and help everyone get along by coming to a compromise. To make the economy stronger we could help businesses get bigger as well as encourage trading goods like food and fish. Also we would need to make sure that everyone has access to good doctors and a good school. To pay for these plans we could ask other countries for money/help. Somalia's own resources could also be used to help. People that would be very impactful are the government, other countries, businesses, and just the people there. With these plans Somalia can become a better place to live in.

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