Somali and Italy governments have signed $1.2 million of infrastructure as the Horn of African nation tries to rebuild the country’s infrastructure.
Through Somali Infrastructure Fund (SIF), the two governments agreed to jointly implement the projects in Somalia.
The Somalia Infrastructure Fund is a Multi-Partner Fund with the overall goal of supporting Somalia to rebuild institutions, rehabilitate key infrastructure, and reinforce economic governance.
The SIF, which is administered by the African Development Bank, aims to contribute to the efforts of Somalia and its development partners to consolidate peace, establish the basic institutions of a functioning state, and to accelerate inclusive and sustainable economic recovery and development.
Somali Minister of Public Works, Reconstruction and Housing, Abdifatah Mohamed Ibrahim and Italian Ambassador to Somalia, Carlo Campanile have signed the deal in a ceremony participated by African Development Bank.
Speaking on behalf of the Federal Government of Somalia, Abdifatah Mohamed Ibrahim pledged continuity of the work started by his predecessor and promised to facilitate all efforts by the Bank and its partners in the reconstruction process.
Ambassador Campanile acknowledged the Bank’s efforts in investing in infrastructure in Somalia, noting that the importance of the infrastructure needs assessment studies carried out by the Bank in highlighting the needs of Somalia in key sectors, including transport, energy, and water and sanitation.
Italy’s current intervention raises its total contribution to the SIF at about US $3.2 million and becomes the second-largest contributor to the fund after the African Development Bank. It also takes the total paid in contributions to US $29.7 million, representing about 44% of total pledged contributions.
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