Italian government has pledged 286 million euro for rebuilding Somalia, Horseed Media reports. The pledge was made at a conference held in Rome attended by the Prime of Somalia Omar Abdirashid Ali and his Italian counterpart Matteo Renzi.
| I'm going to guess that 90% of the money ends up in foreign banks, but then I may be an optimist... |
Speaking at the end of the conference also attended by several ministers and other dignitaries from both sides, Mr Renzi stated that his government will play a crucial role in the reconstruction of Somalia.
He added that the money pledged will be used to construct roads, improving the agricultural sector, trade and revival of the economic sector.
| You can do all that on 20 million Euros? |
Somali Prime Minister Omar Abdirashid thanked the Italian government for the continuous immense support to the nation.
Since the collapse of the Central government in 1991, Italy, which once colonised some parts of Somalia, has been one of the few European nations that have provided significant support to the country in different areas. |