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The European Union steps up its support to Somalia with €200 million at the London Conference

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The European Commission has announced new support today worth €200 million at the London Conference on Somalia. The development funding 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. The EU’s support will help to accelerate Somalia’s economic recovery. This will be done by supporting the reforms needed to ensure Somalia full re-engagement with the International Financial Institutions, access to multilateral finance and debt relief. This will also help laying the foundations for more inclusive, stable politics including a roadmap to a more inclusive electoral process in 2020.

 

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