MOGADISHU-Somali government has welcomed the announcement by the European Union to provide a budgetary support payment to the Federal government.
In statements carried on their official Twitter handles, The Somali Prime Minister Hamza Abdi Barre and his Finance Minister Dr. Elmi Nur said the EU’s budgetary disbursement is a welcome and timely.
The Prime Minister said the money will be used in an efficient manner to achieve its intended purpose.
The Prime Minister's office warmly welcomes the European Union's ?? approval of this budgetary support payment. The Government shall efficiently utilize these funds in a judicious manner to achieve the intended objectives of this support. https://t.co/5of09Hkdao
— OPM Somalia ?? (@SomaliPM) May 25, 2023
On his part, the Finance Minister aversed the disbursement will continue to embolden the critical reforms and policy priorities of the Somali government at this crucial moment.
The EU budget support disbursement is welcome & timely. It will continue to support the key reforms & policy priorities in #Somalia at this critical juncture. @EU_in_Somalia is a valuable partner in our national development aspirations & implementationhttps://t.co/PplTm89j6t pic.twitter.com/zoQNmfHRWA
— Dr. Elmi M.Nur MP (@ElmiNur4) May 25, 2023
The European Union announced that the union has approved a EUR 20.5 million budget support payment to the Federal Government of Somalia (FGS), under the EU’s Somalia State and Resilience Building Contract and Support to Debt Relief Action (SRBC).
In a press statement on Thursday in the capital Mogadishu, EU Ambassador to Somalia Tinna Intelman said Somalia will soon reach a historical milestone, which will bring new opportunities but also challenges.
She said that Increasing domestic resource mobilisation and further improving financial governance are absolutely critical to advance the economic reform agenda and further the state-building of Somalia.
Today, the European Union ?? has approved a budget support payment of € 20.5 million to the Federal Government of #Somalia ??
See our press release and message from the EU Ambassador below?
https://t.co/xygl0ptsEc@TheVillaSomalia @SomaliPM @MoF_Somalia pic.twitter.com/TDGuusIvab
— EU Del in Somalia (@EU_in_Somalia) May 25, 2023
The statement added that the budget support operation has assisted the Federal Republic of Somalia to ensure the delivery of core state functions, underpin macroeconomic stabilisation measures and, with the onset of Covid-19 and other concurrent crises, prevent a serious deterioration of the economic and social situation.
The European Union has been critical pillar to the Somali government in the fields of security, political and economy since the collapse of the central government.
