Somalia seems to be making economic progress.
A money-transfer company has made a piece of banking history in Somalia - introducing the first-ever debit card in the breakaway region of Somaliland.
The introduction of financial innovations is promising for the country. Technology continues to enter the “failed” state. Furthermore, violence in the region is not terribly prevalent. Maybe anarchy is not that bad after all. For some more evidence on Somalia’s economic performance since 1991, see here and here.
