| Project Detail |
The Multi-Partner-Fund (MPF) provided an umbrella to prepare the World Bank’s (WB) re-engagement in Somalia. It has become a powerful tool for donors to pool resources and enabled the WB to engage with Somali authorities to gradually advance reform implementation related to revenue and financial policy, as well as public financial management (PFM). Through this project, Switzerland supports the incremental strengthening of core state institutions in Somalia and contributes ultimately to stability and socio-economic recovery of the country.
Somalia suffers from severe capacity gaps, weak legal and financial institutions and regulatory frameworks. This limited Government capacity has led to inadequate service delivery and lack of social contract between the community and the Government. And the lack of robust financial institutions has contributed to increased fragility and poor indicators in the health and education sector. In light of that, Somalia’s development financing aims to support an ambitious agenda which is central to moving the country towards greater stability and more inclusive development. This is a strategic moment for the MPF - the strategic alignment of the MPF and the growing International Development Association (IDA) portfolio will help in building back better and recover from the impact of the crises facing Somalia. As major pillar in the state institutions building process, the WB MPF increases service deliveries to Somali citizens and helps to stabilize the country, including during humanitarian emergencies (i.e. drought-related), which is in line with Switzerland’s interest of increased stability in the Horn of Africa.
Objectives Strengthened state institutions deliver better services and restore economic resilience for peaceful and stable Somalia. |
