African Development Bank Provides $18 Million to Support Somalia’s Climate Change Resilience Efforts

In Nairobi, during the African Development Bank’s yearly gathering, Somalia’s Finance Minister, Bihi Iman Egeh, and the bank’s Vice President, Dr. Beth Dunford, inked an agreement.

Egeh stressed the significance of the funding, highlighting its crucial role in combatting the nation’s frequent droughts. “We are thrilled to have secured $18 million from the African Development Bank. The overall budget for this initiative is $35 million. Somalia has already received over half of the funds, which will be utilized to address droughts, floods, and enhance agricultural output,” he expressed.

The African Development Bank’s yearly gathering is ongoing in Nairobi from May 27-31.