Strategic Objective: Revitalize and expand the Somali economy with a focus on livelihood enhancement, employment generation, and broad-based inclusive growth.Somalia remains one of the poorest countries in the world with a per capita income of $226. To reverse this reality, Somalia must build an economy that generates opportunities for investment, entrepreneurship, skills development, job creation and sustainable livelihoods.
Reducing risks for communities means ensuring a holistic approach to poverty reduction which addresses all areas of social protection: including rebuilding infrastructure, promoting youth employability, increasing educational opportunities, enhancing community resilience and effective environmental management.more
Fostering Economic Development in Somalia
A shopkeeper in a clothing and shoe store in the Somali capital Mogadishu. Long term employment fostered through the provision of grants and microfinance schemes benefit up to 1,880 entrepreneurs. Photo credit: UN photo/Stuart Pricemore