| Project Detail |
The Enhancing Financial and Fiscal Ecosystem – at subnational level (EFFE) Project is aligned with the Bank’s Somalia Interim Country Strategy Paper (I-CSP, 2022-2024) and other Bank Group’s strategies. It is aligned with the I-CSP (2022-2024) Priority Area 2 (Capacity building for a stronger state and inclusive economy), and the Bank’s Strategy for Economic Governance in Africa (SEGA, 2021-2025) Pillar I (Public Sector Effectiveness at the National and Subnational Levels, with special emphasis on domestic resource mobilization, and public expenditure management). The estimated total project cost is UA 1,000,000 to be funded under the TSF Pillar III resources. The Project duration shall be Thirty sixth (36) months. Project Objectives The project development objective is to strengthen state and local government Public Financial Management (PFM) capacity for managing local revenues and auditing public resources. State and local revenue mobilization and ensuring accountability of public finances are crucial pathways to building peace and stability and addressing fragility, restores state-society trust relationships, social cohesion, and community resilience. |
