The Norwegian Government announced a commitment of NOK 450 Million ($54.3 million) to support the reconstruction, reform and development process in Somalia. Channeled through the World Bank’s Multi-Partner Fund (MPF), the contribution will provide resources through the Government’s systems to address the country’s most critical challenges on its path towards stability.
The additional financing from Norway comes two weeks after the approval of Somalia’s first Country Partnership Framework (FY 2019-2022), and the first International Development Association (IDA) financing for government in more than 30 years.
“This additional contribution from Norway signals our recognition of the considerable progress the Somali authorities have made in bringing the country together,” said Nikolai Astrup, Norway’s Minister of International Development. “This contribution reflects our confidence in the country’s institutions. The reform momentum is bringing tangible dividends to the country. This is the time to advance on the back of the gains we have collectively achieved and to sustain progress towards peace and stability.”
“This is an important time in the World Bank’s engagement with Somalia. It is also an important time for Somalia’s engagement with the international community, including its neighbors,” said Hafez Ghanem, Vice President of the World Bank for Africa. “We welcome the significant support from Norway as Somalia pursues the path towards stability. This is the only means to achieve a reduction in the vulnerability and poverty of the Somali people”.
The contribution from the Norwegian Government recognizes the key role of government in increasing domestic revenue and access to services in Somalia, in line with the MPF’s approach to using country systems and putting the government in the lead of the country’s development. The World Bank will partner closely with Norway throughout the implementation process and reform policy dialogue.
Original source: World Bank
Published on 12 October 2018
