📋 Tender Overview
Approval Date 02 Oct 2023
Planned Completion Date 31 Dec 2026
Last Disbursement Planned Date 31 Dec 2026
Sovereign / Non-Sovereign Sovereign
Sector Multi-Sector
DAC Sector Code 15124
Commitment U.A 10,000,000
Status Approved
Project General Description
The proposed intervention is part of the Bank Group’s continuous engagement to mitigate risks and build resilience in transition countries. The project will help to strengthen domestic revenue mobilization, public expenditure management, and accountability for greater economic resilience. It will provide technical assistance, staff training and mentoring. The ultimate result is increased resources available to finance the provision of public goods and services, investments in development programs, enabling recovery and relieving poverty. By enhancing debt management and strengthening the accountability and scrutiny functions, the FGS should expect to achieve greater spending efficiency as well as improved quality of service delivery. The project design covers three components: (i) enhancing domestic resource mobilization; (ii) improving public expenditure and debt management; and (iii) Strengthening capacity for project management.
Project Objectives
The project development objective is to strengthen domestic revenue mobilization, public expenditure management, and accountability for greater economic resilience.
Beneficiaries
The direct project beneficiaries are the Ministry of Finance of FGS, Ministry of Finance Somaliland, and Ministries of Finance of FMS (Galmudug, Hirshabelle, Jubaland, Puntland, and South West). At the FGS level, key beneficiaries include the FGS-MoF’s Directorate of Revenue, Debt Management Unit, Budget Directorate, Public Procurement Department, Office of Accountant General, and Internal Audit Department, the Ministry of Transport and Aviation, the Ministry of Ports, and Parliament. The project will ultimately indirectly benefit all citizens of Somalia through building human and institutional capacity in PFM and public debt management and promoting good economic governance.
