Donors contribute $29.7 million to Somalia Infrastructure Fund
Italian Ambassador to Somalia, Carlo Campanile Centre), others at the ceremony (AFDB)
By Adesina Idris
London, May 31, 2018 (AltAfrika)-The African Development Bank, AFDB, and other international donors have contributed $29.7 million towards rebuilding dilapidated infrastructure in the war torn Somalia under the Somalia Infrastructure Fund (SIF) initiative.
Italy is the latest to show support for the fund with €1 million donation at a ceremony in Mogadishu on Monday.
“Italy’s current intervention raises its total contribution to the SIF at about US $3.2 million and becomes the second-largest contributor to the fund after the African Development Bank. It also takes the total paid in contributions to US $29.7 million, representing about 44% of total pledged contributions.” AFDB said on its website
Speaking at the ceremony, the Italian Ambassador to Somalia, Carlo Campanile acknowledged AFDB’s efforts in investing in infrastructure in Somalia, noting that the importance of the infrastructure needs assessment studies carried out by the Bank in highlighting the needs of Somalia in key sectors, including transport, energy, and water and sanitation.
Somalia’s newly appointed Minister of Public Works, Reconstruction and Housing, Abdifatah Mohamed Ibrahim pledged continuity of the work started by his predecessor and promised to facilitate all efforts by the Bank and its partners in the reconstruction process.
Speaking on behalf of the Bank’s East Africa Regional Development and Business Delivery Office, Albert Mafusire expressed gratitude to Italy for its support and partnership in rebuilding the country’s infrastructure, emphasising the importance of infrastructure as an enabler of economic transformation.
The Somalia Infrastructure Fund is a Multi-Partner Fund with the overall goal of supporting Somalia to rebuild institutions, rehabilitate key infrastructure, and reinforce economic governance.
The SIF, which is administered by the African Development Bank, aims to contribute to the efforts of Somalia and its development partners to consolidate peace, establish the basic institutions of a functioning state, and to accelerate inclusive and sustainable economic recovery and development.
As a special fund, the SIF operates within the framework of the Bank’s Strategy for Addressing Fragility and Building Resilience in Africa: 2014-2019.