Does international monetary aid help or hinder Somalia's social economic revival?

Somalia government has been accused of lacking transparency and proper accounting systems. This study investigates international monetary aid in Somalia's social and economic revival. A purposely chosen sample of Somalis living in Kenya (N=204) was used. Approximately 59.4% disagreed that the lives of a great number of Somali people have improved, while 65.2% acknowledged that there was lack of integrity and expertise in the management of foreign aids. Finally, the study suggests that the key to success of monetary aid in Somalia largely depends on; developing good financial infrastructure based on modern information technology and telecommunication, the establishment of strong financial institutions with good financial and aid policies, and enhanced transparency and rigorous accountability of Somalia government officials. Copyright (C) 2016 John Wiley & Sons, Ltd.