EU Pledges €102m Support to Somalia

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Somalia and the European Union have signed a €102 million financing agreement to support the federal government’s budget and sustain economic reforms. Finalized in Mogadishu, the deal provides direct budget support aligned with Somalia’s National Development Plan, focusing on public financial management, institutional strengthening, and development priorities. Finance Minister Biixi Imaan Cige said the funding will help stabilize public finances as Somalia advances post-debt relief economic recovery.