A ceremony to formally launch the Productive Sectors Development Programme (PDSP) for Somalia has been convened in Mogadishu on July 14, 2021.
The PSDP for Somalia is a flagship economic development effort undertaken by the UN and implemented by UNIDO, FAO and ILO in close partnership with the Ministry of Commerce and Industry, Ministry of Agriculture and Irrigation, Ministry of Fisheries and Marine Resources and Ministry of Labour and Social Affairs of the Federal Government of Somalia.
The PDSP drew an initial allocation of 1,818,183.00 Euro granted by the Italian Agency for Development Cooperation through the UN Somalia Multi Partner Trust Fund (MPTF).
At the ceremony, the Government of Italy has formalized an additional allocation of 1,667,000.00 Euro for the PDSP, from an additional contribution to the UN Somalia MPTF.
The PDSP is envisaged to mobilize a total of $ 15-20 million over the period of 4 years to assist Somalia’s economic recovery and development.
Productive sectors are essential components of inclusive and sustainable development in Somalia. The PSDP will address constraints to unlock the potential for the Somali economy to create jobs and expand economic opportunities, particularly for youth and women. The focused interventions of UNIDO, FAO and ILO aim to strengthen the governance of public and private economic institutions to provide direct support to productive sectors and SMEs development.
The PSDP has been designed in full alignment with the UN Somalia Cooperation Framework 2021-2025 to offer a programmatic and technical response to the economic development priorities identified by the Federal Government of Somalia within its 9th National Development Plan (NDP 9).
The launch ceremony took place with the presence of Hon. Khalif Abdi Omar, Minister of Commerce and Industry, Federal Government of Somalia; H.E. Alberto Vecchi, Ambassador of Italy to Somalia; and H.E. Adam Abdelmoula, United Nations Deputy Special Representative of the Secretary-General, Resident and Humanitarian Coordinator for Somalia.
Mr. Dejene Tezera, Director of UNIDO Agro-Business Department (UNIDO HQs), as well as Mr. Ygor Scarcia, UNIDO Somalia Industrial Development Expert and OiC UNIDO Somalia, also took part in the ceremony on behalf of UNIDO.
Representatives of UN entities, development partners for Somalia and Somali stakeholders also attended the ceremony through WebEx.