Somalia: UNDP helps avert shutdown of remittance flows

UNDP Somalia has helped pave the way for Wells Fargo & Co. in the US to delay a decision to close down the accounts of Dahabshil, Somalia's largest remaining money transfer company. UNDP has developed an action plan to help such Somali companies comply with international financial rules to avoid closure, which could cause great hardship to thousands of Somalis who depend on remittances from abroad for their livelihoods.