Somalia-Country Partnership Framework FY24-28 - Chair Summary - February 29, 2024

Jul 19, 2026

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Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework for Somalia covering FY24-28, affirming the World Bank Group’s engagement despite the fragile operating environment. The discussion focused on operational flexibility, high selectivity, and consolidating reform gains initiated under the HIPC initiative. Directors highlighted climate change risks and called for support for climate adaptation and resilience, alongside stronger domestic resource mobilization, monitoring of IDA Turn Around Allocation benchmarks, and coordinated partner engagement to reduce overlapping frameworks.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages1

Reading Time3 min

Executive Discussion

Engagement and operational principles

Reform agenda and development gains

Climate risks and resilience support

Domestic resource mobilization and DRM focus

Partner coordination and private sector development

Public Disclosure Authorized Public Disclosure Authorized Somalia-Country Partnership Framework FY24-28 Chair Summary* February 29, 2024 Executive Directors discussed the joint IDA/IFC/MIGA Country Partnership Framework (CPF) for Somalia for FY24-28. Directors supported the World Bank Group’s objective of staying engaged in Somalia, despite the challenging fragile environment and welcomed the focus on operational flexibility and high selectivity and design ofWBG operations despite the limited resources available to Somalia. Directors emphasized the need to continue the reform agenda started under the Heavily Indebted Poor Country (HIPC) initiative and consolidate the development gains made. Directors acknowledged the challenges posed by climate change for Somalia’s economy and its people and urged the World Bank to support investments in climate adaptation and resilience. They looked forward to the completion of the CCDR and called for its findings to be incorporated in new projects. Directors recognized the low domestic resource mobilization and challenging fiscal situation in Somalia and encouraged a strong and ambitious focus on DRM. They welcomed the continued engagement by the IMF and the World Bank, including the programmatic Development Policy Operation. They noted the additional resources made available to Somalia through the IDA Turn Around Allocation (TAA) and supported the related monitoring and verification benchmarks. They appreciated the strategic partner engagement through the Multi Partner Fund towards state and institution building and increasing resilience in Somalia. Directors encouraged a stronger collaboration between IDA, IFC and MIGA to enable and strengthen private sector development in Somalia and provide jobs and economic opportunities ina currently informal and fragmented economy, with a special focus on gender equality and youth. Directors highlighted the importance of continued cooperation with other development partners, including the IMF, to avoid burdening the authorities with too many frameworks, and ensuring complementarity. *This Summary is not an approved record.

FAQs

What is the main topic of the chair summary?

The chair summary covers discussion of the joint IDA/IFC/MIGA Country Partnership Framework for Somalia for FY24-28.

What operational approach did Directors support for the World Bank Group’s engagement?

Directors supported staying engaged while emphasizing operational flexibility, high selectivity, and appropriate design of WBG operations given limited resources.

Which priorities did Directors highlight for Somalia’s development during FY24-28?

Key priorities included advancing reforms from the HIPC initiative, addressing climate change through adaptation and resilience investments, strengthening domestic resource mobilization, and fostering collaboration across IDA, IFC, and MIGA for private sector development.

Jul 19, 2026

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