...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing...approved in full its first-ever budget support operation in the Federal Republic of Somalia.
Amounting to a total of €100 million to be disbursed from the fourth quarter of 2018 until 2021, this budget support will be channeled through the Federal Government using country systems.
Implementation will start in October following an agreement on safeguard measures, which will enable greater capacity support to the Federal Government and Federal Member States, better risk mitigation, verification and audit, as well as on performance indicators to incentivise reforms in the areas of public financial management, rule of law, fisheries, education among others.
With this budget support operation (also called State Building and Resilience Contract in Somalia), the European Union aims to support federalism in Somalia through increased and improved inter-governmental fiscal transfers from the Federal Government to its the Federal Member States.
It will also reinforce the social contract between the Federal Government and the Somali population by gradually increasing the role of the Somali authorities in the provision of basic services.