MOGADISHU (Halbeeg News) – The European Union has unveiled a new program to improve economic development in Somalia as it struggles to rebuild its infrastructure following two decades of civil war.
According to an article published by Xinhua, the bloc in coordination with its partners launched 94 million USD worth program.
Fulgencio Garrido Ruiz, EU Chargé d’Affaires to Somalia on Wednesday said the project targets the Inclusive Local and Economic Development (ILED) meant to take part the rebuilding of the country.
Ruiz noted that the program is to contribute to stability in Somalia by an integrated territorial approach supporting local governance and stabilisation, promoting inclusive economic opportunities and protecting the most vulnerable.
“This program along with the recent budget support sets an important improvement in the EU partnership with Somalia and its strategy in the country, based on increasing engagement with the national and local institutions and strong focus towards local implementation and service delivery,” Ruiz said in a statement issued in Mogadishu.
EU says the programs will be tailored to the political, security and social needs of the targeted areas.
Specific technical structure will be established to ensure the participation of Somali partners in the design and implementation of the specific actions along with the selected implementing partners, according to EU Chargé d’Affaires to Somalia.
“We are proud of the results of our ongoing cooperation, and we welcome the ILED initiative to support our long-term efforts to build a better future for all Somalia as well as to promote investments and economic relations with our European partners,” said Gamal Hassan, Somalia’s minister of planning, investment and economic development.