The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more
Somalia’s economic and financial governance systems continue to be faced with several challenges, including human resources constraints at the Federal Government of Somalia’s (FGS) Ministry of Finance, and line ministries in charge of infrastructure developments. Limited fiscal space due to weak revenue raising capacity, and the challenging security situation, makes it difficult for the public sector to attract skilled manpower. In turn, this constraints the FGS from delivering the much needed public services.
Given these challenges, the project aims to reinforce revenue mobilization, macroeconomic management, and financial accountability and transparency practices at the Ministry of Finance (the Lead Executing Agency) and the Ministries of Energy and Water Resources, Ports and Marine Transport, and Transport and Civil Aviation.
The overall development objective of the project is to strengthen macroeconomic management and enhance transparency and accountability in the use of public resources.
EFGISP II is organized under three components: