Abhijit Banerjee, Esther Duflo and Michael Kremer bag coveted prize for pioneering new ways to alleviate global poverty, the award-giving academy says.
In January, the current account posted an $813-million deficit, improving from a $7-billion deficit in the same month last year.
Somalia has been engulfed in violence since dictator Mohamed Siad Barre was toppled in 1991. Security has improved in recent years, and so has Somalia's economy.
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