MOGADISHU — Somalia has signed a three-year cooperation agreement with the Islamic Development Bank (IsDB) covering 2026–2028, aimed at strengthening infrastructure development and expanding access to essential public services, officials said.
The agreement is expected to finance key sectors including roads, energy, water supply systems, health, and education, as part of Somalia’s broader national development and reconstruction priorities.
Government officials said the partnership will help accelerate ongoing efforts to rebuild critical infrastructure damaged or neglected during decades of conflict, while also improving service delivery in both urban and rural areas.
The Islamic Development Bank, a multilateral development finance institution, has been a long-standing partner of Somalia, supporting projects designed to promote economic growth, poverty reduction, and institutional capacity building.
Officials added that the new framework will enhance coordination between Somalia’s government institutions and development partners, with a focus on long-term sustainability and inclusive development.
The deal comes as Somalia continues efforts to strengthen state institutions, attract foreign investment, and improve public services amid ongoing economic and security challenges.
