Mogherini grants €200 million to Somalia
“Somalia’s future matters to Europe and our support matters to Somalia,” Mogherini said. “The €200 million we have announced today strengthens the EU’s leading role in supporting the country’s development, stability and security. We already play a major role for peace in the country through the three active missions in the country as well as our support to the African Union peacekeeping mission AMISOM. We believe that the people of Somalia can and should shape the future of their country. We want Somalia to rise again – and today we demonstrate it in very practical terms.”
That is why she insisted, “the EU is ready and willing to accompany” real changes in Somalia. But “before we can make decisions about our financial support, we need to see effective coordination and burden sharing in managing this transition towards a Somali owned security system, with full participation by regional countries”. Mogherini underlined that “the money we pledge today cannot do any miracles, without strong leadership and determination from inside Somalia”.
The development funding announced today will be channelled through the European Union Trust Fund for Africa, which aims to address the root causes of destabilization, forced displacement and irregular migration. EU support will help to accelerate Somalia’s economic recovery. This will be done by supporting the reforms needed to ensure Somalia’s full re-engagement with the International Financial Institutions, access to multilateral finance and debt relief. This will also help lay the foundations for more inclusive, stable politics including a roadmap to a more inclusive electoral process in 2020.
The EU is a long standing partner to Somalia in development aid, peacekeeping operations and humanitarian aid. For the period 2015-2020, the EU and its Member States’ cooperation including development, humanitarian aid and peacekeeping operations amounts to €3.4 billion.
Today’s support package comes on top of the €286 million which the European Commission has allocated under the 11th European Development Fund (for the period 2014-2020), which focuses on strengthening state functions, improving food security and resilience as well as education for young people. EU financing is implemented mostly through grants implemented by UN agencies and international NGOs, or contributions to Trust Funds.