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Additional Financing for Somalia Recurrent Cost & Reform Financing Project - Phase III

Abstract*

The project supports Somalia’s efforts toward a more resilient, inclusive and stable socio-economic environment. The project’s benchmarks/Performance Based Conditions will incentivize the Federal Government of Somalia and the Federal Member States to sustain momentum of their reforms to reach the Heavily-Indebted Poor Country Completion Point. The project will help strengthen inter-governmental fiscal relations, and build state institutions, in support...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

To support the Federal Government of Somalia and Eligible Federal Member States to strengthen resource management systems, the inter-governmental fiscal framework, and service delivery systems in health and education.

Key Details

Project Details

  • P177900

  • Active

  • Alma Nurshaikhova , Zubair Bhatti

  • Federal Republic of Somalia,Federal Republic of Somalia

  • Somalia

  • May 17, 2022

  • (as of board presentation)

    June 23, 2022

  • N/A

  • US$ 92.00 million

  • Federal Member State Galmudug,Federal Member State Hirshabelle,Federal Member State Southwest,Federal Member State Jubaland,Federal Member state Puntland,Ministry of Finance, Federal Government of Somalia,Federal Member State Galmudug,Federal Member State Hirshabelle,Federal Member State Southwest,Federal Member State Jubaland,Federal Member state Puntland,Ministry of Finance, Federal Government of Somalia

  • Eastern and Southern Africa

  • 2022

  • US$ 92.00 million

  • N/A

  • N/A

  • December 31, 2026

  • Yes

  • BANK APPROVED

  • P173731

  • August 20, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
IDA Grant 62.00
IDA Grant 62.00
Somalia Multi-Partner Fund 30.00
Somalia Multi-Partner Fund 30.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment N/A
IDA Commitment 62.00
IBRD + IDA Commitment 62.00
Lending Instrument
Grant Amount 30.00
Total Project Cost** 92.00

Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of March 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

No data available.