Economic Foundations

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.

Our Goals

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

Our Stories

Musa Osman Yussof, the Mayor of Eyl District is hopeful about the changes that water berkades will bring to Qarxis.
Improving access to water for local communities

In Somalia, less than 30% of the population has access to clean water. In the worst conflict affected areas, that figure drops to 20% . Thismore 

Anand, 35, runs a small shop in Eyl, which she established using a small grant and business training. © UNDP/Danielle Botti
Empowering female entrepreneurs in Somalia

In Somalia’s Puntland region, poverty and the lack of economic opportunities often force communities to turn to piracy-based incomes to survive.   In the coastal townmore 

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Projects and Initiatives

  • The Trade and Private Sector Development project supports initiatives aimed at reducing poverty, hastening Somali economic recovery and achieving the Millennium Development Goals.more 

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