The AfDB in Support of Somali’s Revival and Re-engagement with Donors
The African Development Bank’s (AfDB) Board of Executive Directors on April 3, 2013 approved the Somalia Country Brief 2013-2015 which aims to help revive the country’s institutions, and enable the country’s re-engage with the international community after two decades of conflict and isolation.
Under the approval, Somalia will benefit from the Bank’s Fragile States Facility (FSF) and other support windows such as African Water Facility (AWF) and Special Relief Fund (SRF) that are not subject to the country’s arrears situation.
The strategic and operational activities outlined in the Country Brief under the Bank Group Somalia Enhanced Program include Resource Mobilization Efforts for the Bank Group Somalia Enhanced Program (SEP); Drought Resilience & Sustainable Livelihood Program (DRSLP); and Somaliland “Water Resources Management & Investment Plan” project.
Others are strengthening governance, human and institutional capacities, facilitating the reengagement process of Somalia with the International Financial Community, as well as analytical and economic and sector Work and emergency assistance.
The brief also provides modalities for financing the Somalia Enhanced Program, such as the exceptional use of Bank Group internal resources to mobilize additional funds from development partners for co-financing or parallel financing.
The last Country Brief for Somalia was approved by the Boards in May 2010. It was the Bank’s first formal note on Somalia in two decades, during which the country disintegrated into clan-based conflicts and geopolitical entities. The current brief builds on its 2010 predecessor, which provided a reengagement framework to guide the Bank’s country dialogue and technical assistance in addressing challenges facing the country.