Bali, Indonesia, Oct 13: The Norwegian Government announced an amount of NOK (Norwegian Krone) 450 Million ($54.3 million) to support the reconstruction, reform and development process in Somalia.
Channelled through the World Bank’s Multi Partner Fund (MPF), the contribution will provide resources through the Government’s systems to address the country’s most critical challenges on its path towards stability, an official statement said here on Saturday.
The additional financing from Norway comes two weeks after the approval of Somalia’s first Country Partnership Framework (FY 2019-2022), and the first International Development Association (IDA) financing for government in more than 30 years.
“This contribution reflects our confidence in the country’s institutions. (UNI )