皇冠体育app

皇冠体育app UK Department for International Development (DFID) is providing 拢1.5 million of support to help establish a new fund to deliver key infrastructure projects in Somalia.

皇冠体育app support, delivered through the African Development Bank鈥檚 (AfDB) multi partner 鈥淪omalia Infrastructure Fund鈥�, will make a vital contribution to Somalia鈥檚 stability by focusing on infrastructure rehabilitation and development, with specific investments in the energy, water and sanitation and transport sectors.

皇冠体育app funds will also help strengthen government capabilities in infrastructure development and management, and provide skills training for young people.

皇冠体育appse investments will be critical in building Somalia鈥檚 economy, creating employment opportunities and supporting peace and state building.

皇冠体育app Head of DFID Somalia, Phil Evans said:

Somalia鈥檚 economic development is a top priority. This new fund will help bridge a gap in international donor funding to Somalia. Our contribution is part of the UK鈥檚 wider efforts in helping boost economic growth across all regions in Somalia, with the aim of improving productivity, reducing the costs of doing business and creating jobs. 皇冠体育app Somalia Infrastructure Fund is part of the Somali New Deal Compact commitments endorsed by Somalia and its international development partners in Brussels in September, 2013.

Further Information

1. 皇冠体育app AfDB attaches great importance to the Somalia Infrastructure Fund (SIF), one of the Multi-Partner initiatives for assisting Somalia in its state and peace-building efforts, following the country鈥檚 prolonged civil strife. 皇冠体育app SIF is one of the three funding windows administered by the AfDB, World Bank, and UN under the Somali Development and Reconstruction Facility (SDRF).

2. DFID Somalia鈥檚 Economic Development Programme aims to address the key constraints to inclusive growth across all regions in Somalia and promote job creation, particularly for women and youth, in line with government priorities. 皇冠体育app programme focusses on:

   • Strengthening economic institutions through creation of legal and regulatory environment necessary to stimulate business and investment; Increased accountable management of public finances to enable provision of public goods; and improving access to finance.

   • Support for critical economic infrastructure to reduce the costs of doing business and facilitate trade.

   • Improving productivity and competitiveness in key domestic and export sectors, including through market driven technical and vocational training and business management skills as well as building production, marketing and sales capacity.