First Somalia Economic Resilience Development Policy Financing

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The development objective of the First Somalia Economic Resilience Development Policy Financing for Somalia is to promote economic resilience through more sustainable public finances and resilient private sector development. Pillar A aims to ensure sustainable public finances. This will contribute to the macroeconomic stability and will expand fiscal space required to meet Somalia’s large development needs in the context of high volatility to climate change and fragility, conflict, and violence. Pillar B aims to enable resilient private sector development. This pillar supports structural reforms that enhance the environment for private-sector-led growth and create conditions for job creation, increasing the resilience of households.