Mogadishu, SONNA \u2013 The European Union (EU) has disbursed \u20ac9 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.<\/p>\n
This payment is part of the EU\u2019s Somalia State and Resilience Building Contract (SRBC II) and aims to strengthen the Somali government\u2019s capacity to mobilize domestic revenue, promote fiscal federalism, and expand public education services through initiatives like the National Teacher\u2019s Initiative.<\/p>\n
EU Ambassador to Somalia, Ms. Karin Johansson, emphasized that the disbursement reflects the EU\u2019s commitment to supporting Somalia\u2019s efforts in financial accountability and transparency. \u201cIt signals the EU\u2019s strong support of Somalia\u2019s progress in managing its public finances and highlights the EU\u2019s dedication to the EU-Somalia Joint Operational Roadmap,\u201d she said.<\/p>\n
Somalia\u2019s Minister of Finance, H.E. Bihi Iman Egeh, welcomed the EU\u2019s budget support, stating that it provides essential funding to drive key financial reforms and improve the delivery of basic social services across the country.<\/p>\n
Since 2018, the EU has provided a total of \u20ac101.4 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mogadishu, SONNA \u2013 The European Union (EU) has disbursed \u20ac9 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\u2019s Somalia State and Resilience Building Contract (SRBC II) and aims to strengthen […]<\/p>\n","protected":false},"author":132,"featured_media":431167,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-431166","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local"},"_links":{"self":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/431166","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/users\/132"}],"replies":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/comments?post=431166"}],"version-history":[{"count":1,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/431166\/revisions"}],"predecessor-version":[{"id":431168,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/posts\/431166\/revisions\/431168"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media\/431167"}],"wp:attachment":[{"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/media?parent=431166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/categories?post=431166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sonna.so\/en\/wp-json\/wp\/v2\/tags?post=431166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}