Additional Financing for Somalia Recurrent Cost & Reform Financing Project - Phase III

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The project supports Somalia’s efforts toward a more resilient, inclusive and stable socio-economic environment. The project’s benchmarks/Performance Based Conditions will incentivize the Federal Government of Somalia and the Federal Member States to sustain momentum of their reforms to reach the Heavily-Indebted Poor Country Completion Point. The project will help strengthen inter-governmental fiscal relations, and build state institutions, in support of the delivery of basic services in health and education. It will also support building a real-time feedback loop from the citizens who are intended to benefit from the investments.