The European Union (EU) has announced significant financial support for Somalia, with over €10 million allocated for budget support.
This funding is tied to progress in key reform areas, reflecting the EU’s commitment to fostering sustainable development and governance in Somalia.
The announcement was made during high-level talks between EU representatives and Somali Finance Minister Bihi Egeh.
Additionally, the EU is planning a new budget support operation for the period 2026–2027, signaling a continued partnership with Somalia in its reform efforts.
Budget support is a direct funding mechanism that channels resources into the national budget, enabling the government to implement its priorities while adhering to agreed-upon reform benchmarks.
This collaboration underscores the EU’s role in supporting Somalia’s state-building and economic recovery, particularly in areas critical to stability and growth.