Somaliland: EU Joins the Somalia Stability Fund

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And starts contributing towards governance and peacebuilding in Somalia with an initial donation $6.2 million- Press release

Somalilandsun – The EU Delegation to Somalia is pleased to announce EU’s first contribution of €5 million ($6.2 million) to the Somalia Stability fund. This contribution will be used to support the Federal Government of Somalia and regional authorities rebuilding local governance, infrastructure and livelihoods in newly accessible districts in South Central Somalia.
Michele Cervone d’Urso, Head of the EU Delegation to Somalia, said: “Local governance and socio economic recovery are key for achieving sustainable peace and stability in Somalia. The partnership between the Somali Government and SSF is crucial in progressing towards this common goal. The effectiveness of the joint efforts depends on the collaborative environment in which it is implemented. And this is precisely the reason why the cooperation with other key players like AMISOM, IGAD, UN will be decisive for the success.”
The EU contribution supports peacebuilding and stabilisation activities for Somalia’s emerging interim administrations such as the Interim Jubba Administration (IJA), the Interim South West Administration (ISWA) and possibly the Interim Central Regions Administration. The precise use of the fund will be determined with the communities and authorities concerned, but is likely to include road rehabilitations, airstrips, water points and markets; building government buildings and institutions including management of public finances; and state formation and reconciliation processes.
The European Union is Somalia’s main development partner and a major donor to Somalia, more than half of the EU’s total assistance focuses on development aid and more particularly on governance, education and economic development. Through its set of instruments that constitutes a wide and comprehensive approach, the European Union is actively engaged in diplomacy and support to the political process, security support, development assistance and humanitarian aid.Ends

The Somalia Stability Fund is a multi-donor fund which supports peace and stability in Somalia. It is designed to strengthen local stability, improve the co-ordination of international support and enhance its delivery, in accordance with the New Deal for Engagement in Fragile States.
Read more about the STF

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