Delegates from 50 countries across Africa, Europe and the Persian Gulf came together in Brussels Monday to sign a ‘New Deal Compact’ to help rebuild Somalia, after two decades of civil war and lawlessness. The plan sets out government spending priorities and future international support.
The $2.7 billion included $870 million from the European Union, which has already given significant support to Somalia.
Somali President Hassan Skeikh Mohamud said he welcomes the ongoing international engagement.
“A remarkable transformation is being achieved in Somalia as the world recognizes we have the greatest opportunity, not without potential, in a generation – to reinvest in sustainable peace and development,” he said.