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Somalia National Development Plan 2020 to 2024

Ministry of Planning, Investment and Economic Development Government of Somalia Country Resources Development and Poverty Strategies Somalia 1 January 2020 Policy document development, human development, social development

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Description

The Federal Government of Somalia presents the ninth National Development Plan (NDP-9), 2020-2024, which provides the nation with a path leading to economic growth and reduction of poverty within the next five years. Its goal is to reduce poverty and inequality through inclusive economic growth and employment, improved security and rule of law, and strengthened political stability.

Somalia’s recent history of conflict is well-known. Less well-known, perhaps, is the development progress made by the country over the past seven years. In this regard, Somalia has taken important steps towards the establishment of a federal system of government and sound fiscal and monetary systems, which have supported moderate recent economic growth (approximately 3 percent GDP annual growth in 2018). A stronger government has been met with encouraging signs of community reconciliation and an enhanced capacity for local governance in many regions across the nation.

However, while these signs of development are hopeful, many challenges remain. Recent economic growth has not been enough to lift living standards significantly and poverty remains high. As a result, Somalia’s key human development indicators are amongst the lowest in the world. Therefore, NDP-9 outlines an extensive poverty analysis diagnosing many of its root causes, including conflict, political instability, climate-related disaster and a still weak economy.

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