To secure debt relief, Somalia must strengthen financial oversight practices and embrace principles of accountability.
Somalia faces heightened public scrutiny as its government manages $92 million of E.U. budget support while striving to meet International Monetary Fund performance benchmarks. Its ability to adopt sound fiscal policy and improve financial governance will determine its eligibility for debt relief. At this critical juncture, the Federal Parliament of Somalia must strengthen its financial oversight practices and embrace principles of accountability.
The Strengthening Public Accountability in Parliament (Damal) project, funded by USAID, worked with Somalia’s government to strengthen the Parliament’s capacity for financial governance and oversight. Damal improved legislative management regarding budgetary and financial reforms, established more effective and independent institutions, strengthened the capacity of members of Parliament and key committee staff, and promoted increased public participation in parliamentary processes.