{"id":69613,"date":"2016-05-11T01:32:34","date_gmt":"2016-05-10T23:32:34","guid":{"rendered":"http:\/\/www.myza.co.za\/finland-contributes-eur-4-million-towards-new-deal-implementation-in-somalia\/"},"modified":"2016-05-11T01:32:34","modified_gmt":"2016-05-10T23:32:34","slug":"finland-contributes-eur-4-million-towards-new-deal-implementation-in-somalia","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/finland-contributes-eur-4-million-towards-new-deal-implementation-in-somalia\/","title":{"rendered":"Finland Contributes EUR 4 Million towards New Deal Implementation in Somalia"},"content":{"rendered":"<p>                        <span dir=\"ltr\"><br \/>\n                                                    BRUSSELS, Belgium, May 10, 2016\/APO (African Press Organization)\/ &#8212;<br \/>\n                                                <\/span><\/p>\n<p>The Finland Ministry of Foreign Affairs and the World Bank signed an\u00a0agreement today for Finland to provide EUR 4 million to the World Bank-administered Multi Partner\u00a0Fund (MPF), a multi-donor trust established for New Deal implementation in Somalia.<\/p>\n<p>Commenting on the Finnish contribution, H.E. Tarja Fern\u00e1ndez, Ambassador of Finland to\u00a0Somalia said that \u201cFinland\u2019s development co-operation is focused on least developed countries and\u00a0fragile states. Finland lays particular emphasis on the strengthening of the developing countries&#8217; own\u00a0economies to promote employment, livelihoods and well-being. The MPF is an important tool to foster\u00a0Somali economic recovery and governance reforms, including federalism, and it suits well Finland\u2019s\u00a0comprehensive approach to peace and development.\u201d<\/p>\n<p>The MPF provides a platform for coordinated financing for sustainable reconstruction and\u00a0development in Somalia with a focus on core state functions and socio-economic recovery. The three\u00a0key areas of thematic focus include: effective and accountable government, core economic\u00a0infrastructure, and enabling economic growth.<\/p>\n<p>\u201cFinland joins the MPF at an exciting time. We are starting to see the roll out of the portfolio on the\u00a0ground and a new level of sophistication in our engagement with the Somali authorities. The MPF is\u00a0proving that the country systems are a viable means of delivering development programs in Somalia,\u201d\u00a0said Bella Bird, World Bank Country Director for Somalia.<\/p>\n<p>One of the New Deal principles reflected in the Somali Compact is the commitment to build and use\u00a0country systems. With a portfolio focus on \u201crecipient-executed\u201d projects (i.e. projects designed and\u00a0delivered by and through Somali institutions), the MPF is a vehicle for building and using country\u00a0systems, ensuring ownership and capacity internalization for sustainability.\u00a0In total, donors have committed US$185 million to the MPF. Other donors contributing to the MPF\u00a0include the European Union, the Royal Norwegian Embassy, the Swedish International Development\u00a0Cooperation (SIDA) Agency, the Swiss Agency for Development Co-operation (SDC), the UK\u00a0Department for International Development (DfiD), Italian Ministry of Foreign Affairs and International\u00a0Cooperation, Denmark Ministry of Foreign Affairs (DANIDA) and the World Bank State- and Peace-building Fund (SPF).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BRUSSELS, Belgium, May 10, 2016\/APO (African Press Organization)\/ &#8212; The Finland Ministry of Foreign Affairs and the World Bank signed an\u00a0agreement today for Finland to provide EUR 4 million to the World Bank-administered Multi Partner\u00a0Fund (MPF), a multi-donor trust established for New Deal implementation in Somalia. Commenting on the Finnish contribution, H.E. Tarja Fern\u00e1ndez, Ambassador [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[428,4585,830],"class_list":{"0":"post-69613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-africa-news-2","7":"tag-africa","8":"tag-apo","9":"tag-news","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/69613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=69613"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/69613\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=69613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=69613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=69613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}