MOGADISHU, Somalia – Somalia has signed a $92.6 million development agreement with the US to promote resilience, stability, economic growth, and governance.
The minister of planning Mohamud Abdirahman Beenabene, along with the finance minister inked the grand deal intended for the recovery of the humanitarian situation in the country.
“I had the privilege of co-signing a landmark Development Objective Assistance Agreement (DOAG) valued at $92.6 million with the Government of the United States aimed at building resilience and stability, stimulating economic growth, and enhancing governance,” said BeenaBeene.
Minister Beenabeene said this support is the second in two years. He added that last year that USAID implemented projects in Somalia that cost more than $70 million.
The minister said that this project helps Somalia in the economic growth, resistance to challenges, empowerment of youth and women, and children’s education plans.
This agreement reflects the deep cooperation between the United States and Somalia.
Somalia’s Minister of Finance, Bihi Iman Cige, said that this support has come at an important time when Somalia is fighting to liberate the country from the Al-Shabaab group.
Moreover, Minister Bihi said that the people in the liberated areas need to be provided with urgent basic services by the government after many years under Al-Shabaab control.
The United States remains the single largest donor of humanitarian assistance to Somalia. In 2022 alone, It provided over $1.3 billion – more than all other donor contributions to Somalia combined – to address the worst impacts of this humanitarian situation.
