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A Somali woman counts the money she collected from a money transfer service, Mogadishu, Somalia, April 8, 2015 (AP photo by Farah Abdi Warsameh).

Suspending Money Transfers to Somalia Hurts the Poor, Not Terrorists

The Editors Tuesday, April 21, 2015

Earlier this month, Kenya suspended the licenses of 13 Somali money transfer agencies operating in Nairobi in a bid to limit funding to al-Shabab militants. In an email interview, Sarah Hearn, an associate director and senior fellow at New York University’s Center on International Cooperation, discussed the role of remittances in Somalia’s economy.

WPR: How important are remittances for Somalia’s economy? ...

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