By Mogadishu, LM-The European Union (EU) has disbursed €9 million in budget support to the Federal Government of Somalia (FGS), recognizing its achievements in maintaining macroeconomic stability and implementing critical reforms in public financial management.
This payment is part of the EU’s Somalia State and Resilience Building Contract (SRBC II). It aims to strengthen the Somali government’s capacity to mobilize domestic revenue, promote fiscal federalism, and expand public education services through initiatives like the National Teacher’s Initiative.
EU Ambassador to Somalia, Ms. Karin Johansson, emphasized that the disbursement reflects the EU’s commitment to supporting Somalia’s efforts in financial accountability and transparency. “It signals the EU’s strong support of Somalia’s progress in managing its public finances and highlights the EU’s dedication to the EU-Somalia Joint Operational Roadmap,” she said.
Somalia’s Minister of Finance, H.E. Bihi Iman Egeh, welcomed the EU’s budget support, stating that it provides essential funding to drive key financial reforms and improve the delivery of basic social services across the country.
Since 2018, the EU has provided a total of €101.4 million in budget support to Somalia through SRBCs. This support has played a crucial role in helping Somalia reach the Heavily Indebted Poor Countries (HIPC) Completion Point and strengthen core state functions.
