EU approves EUR 20.5 million budget support for Somalia


MOGADISHU (Somaliguardian) – The European Union on Thursday approved a EUR 20.5 million budget support payment to the Somali federal government as part of renewed engagement between the EU and Somalia.

The EU said the move is aimed at supporting the Somali government to implement its national development and stabilization plan and remain on track with the heavily indebted Poor Countries (HIPC) process.

“With HIPC completion point in sight, Somalia will soon reach a historical milestone, which will bring new opportunities but also challenges,” EU ambassador to Somalia Tiina Intelman said.

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