MANAGING DIRECTOR’S STATEMENT - “ Helping to Build Sustainable Prosperity ”

Lack of accountability in the use of public resources and the delivery of public services can open the door for misuse and corruption, and could weaken the efficiency and effectiveness of public institutions. [...] In his presentation, Mr Edris discussed the importance of the agriculture sector to the Somalia economy, and emphasized the need for the policy makers to enhance agricultural productivity, and put the clear support system for small holder farmers and other businesses participating in the agriculture value chain. [...] The planned work program for the year 2023 was presented by the Managing Director on core areas such as, the ACBF-SALCA program on the climate change adaptation; policy research on climate change and food security in collaboration with ACBF; the SIDA program on financial integrity, and advocacy at the Civil Society side; Budget utilization for the year 2022, and the budget plan for the year 2023. [...] In this context, this assessment of the role of Chinese investment and finance in the HoA countries explicitly taking into account the development strategies and priorities of two diverse sets of recipient countries; those with high economic growth rates and broad good performance and the fragile states of the sub region Undoubtedly, Chinese investments and external financing in the well performin. [...] The urgency of the need to address climate change in the most affected HoA and other countries is explained by the experience of more severe droughts and the prevalent food insecurity and malnutrition, and frequent occurrence of famine in some fragile countries of the region.