MOGADISHU (Halbeeg News) – The government of Finland has contributed $1.8 million to Somalia’s development and reconstruction.
The Ministry for Foreign Affairs of Finland has made an additional contribution of EUR 8.1 million ($8.9 million) to the Somalia Multi-Partners Trust Fund (MPF) under the framework of World Bank.
The funds will boost financing through government systems for the sustainable reconstruction and development of Somalia.
The overall goal of the Somalia MPF is to strengthen the capacity of the state to build systems and institutions that deliver services to the Somali people.
The funds follow an original contribution of EUR 4 million ($4.4 million), bringing the total contribution to EUR12.1 million ($13.4 million).
“We are pleased with how much progress has been made in developing Somalia’s institutions and delivering on reforms since 2012,” said Finland’s Ministry of Foreign Affairs, Ambassador Erik Lundberg). “However, many challenges remain, particularly in ensuring services are delivered to the poorest and most vulnerable. The Government of Finland is committed to helping the Somali authorities meet these challenges and rebuild Somalia.”
MPF which was activated in August 2014 is one of the pooled funds established under the Somalia Development and Reconstruction Facility, a facility that brings together Federal Government, Federal Member States, Parliament and the international community.
The MPF supports government-led state-building for service delivery and economic growth. Including the Finnish Ministry of Foreign Affairs, the MPF has received contributions of over $447 million from eleven donors.
“Finland continues to be an important partner to the World Bank through its engagement with the MPF,” said World Bank Country Manager for Somalia, Hugh Riddell. “With this contribution, we will be able to further support the government capacities to improve service delivery and increase resilience in Somalia. Finland is an important voice in shaping the direction of the MPF.
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