Somalia’s internal revenue mobilization galvanised by UA 5.5 million grant from African Development Bank

The Federal Republic of Somalia (FGS) revenue mobilization strategy received a boost with a UA 5.5 million grant from the African Development Bank. The strategy aims to ramp up revenue collection through enhanced tax revenue and a more efficient collection system.

The grant, through the Bank’s Economic and Financial Governance Institutional Support Project (EFGISP) phase 2, offers support for Somalia’s state-building efforts.

Somalia’s suite of implementing policies and reforms to underpin the next generation of public financial management, include the National Development Plan (2017-2019), the New Partnership for Somalia (NPS) of 2017 and measures to address public financial management and the public procurement.

Funding agencies: AFRICAN DEVELOPMENT BANK (AFDB)

Countries: Somalia

Published: 2020-05-12

Sectors: Health