|Approval Date||25 Mar 2019|
|Signature Date||06 May 2019|
|Planned Completion Date||30 Dec 2021|
|Sovereign / Non-Sovereign||Sovereign|
|DAC Sector Code||11330|
The Strengthening Institution for Economic Policy Management and Infrastructure Development Project (SIEPMID) aims to improve financial and economic governance in Somalia. The project also supports infrastructure rehabilitation by ensuring that all civil works are underpinned by technical feasibility studies and sound analysis. It includes the following three components: (i) Institutional Capacity Strengthening for Improved Economic Policy Analysis, Implementation and Coordination. This component focuses on establishing, staffing and equipping the Economic Strategy Unit (ESU) under the Minister of Finance. Six (6) subject matter experts (economists, financial analyst, fiscal analyst, expenditure management and intergovernmental affairs) will be recruited under the project. The proposed ESU’s main activities will be to provide expert advice to the Minister of Finance, enhance coordination between finance and planning functions, and coordinate implementation of the various actions across government ministries and agencies required for meeting the benchmarks under the Staff Monitored Programs. (ii) Enhancing Skills for Infrastructure Development. The component focuses on building Somalia’s expertise in upstream studies needed for the implementation of infrastructure projects, including the corridors program. This work will draw from and build on the findings of the Transport Sector Needs Assessments (TSNA) for Somalia, which was commissioned and sponsored by the Bank. These upstream studies will focus on targeted rehabilitation works for: Belet Weyne-Galkayo-Garowe road (including the link between Belet Weyn and Ferfer (Somalia/Ethiopia border)); Luuq, Ganane-Dolow road, and; Galkayo-Hobyo road. (iii) Project Management: This component entails monitoring and evaluation activities, external audit and Project management activities.
The overall objective is to enhance institutional capabilities in economic planning to anchor government’s formulation, implementation and coordination of macro-economic and fiscal policies; data quality and reporting; and technical skills development that is critical for the reconstruction and development phases of the Somali economy.
The direct project beneficiaries are the Ministries of Finance and Public Works, Reconstruction and Housing (MoPWR&H) and the Ministry of Planning, Investment and Economic Development (MoPIED) through capacity enhancement of departments responsible for macroeconomic policy, fiscal framework, statistics and development planning. The project will benefit the government and the people of Somalia through building the weak human and institutional capacity in macroeconomic policy and fiscal planning at federal level. In addition, the MoPWR&H will benefit through the on-the-job training for technical staff involved with public works, which will be delivered through technical assistance support.
Fragile States Facility
GOVERNMENT OF SOMALIA MINISTRY OF FINANCE
|Last Update||27 Sep 2020|