Supporting remittance flows to Somalia
Project disclaimer
Description
The project aims to tackle key challenges with the UK-Somalia remittance corridor until a sounder financial system is in place in So malia, and to accelerate and support the development of that financial system. More specifically, this project is intended as an int erim set of activities to support the supervisory role of the Central Bank of Somalia. The activities will also support the SomaliG overnment’s plan on the formalization of the Somali financial sector. Over time, the project has evolved to include both shorter-ter m and longer-term elements to strengthen the systems supporting the flow of remittances to Somalia.
Location
The country, countries or regions that benefit from this Programme.
Status Completion
The current stage of the Programme, consistent with the International Aid Transparency Initiative's (IATI) classifications.
Programme Spend
Programme budget and spend to date, as per the amounts loaded in financial system(s), and for which procurement has been finalised.
Participating Organisation(s)
Help with participating organisations
- Somalia Multi-Partner Fund
Sectors
Sector groups as a percentage of total Programme budget according to the OECD Development Assistance Committee (DAC) classifications.
Budget
A comparison across financial years of forecast budget and spend to date on the Programme.