USA Development fund supports Somalis economy $ 300 million

The project which installs for the first time in over 30 years was signed by the Somali Gov’t and its US. partner , according to a statement by the US  reads.

Somalia Prime Minister, Hassan Ali Kheire, ministers of Planning and Finance Gamal Mohamed and Abdirahman Dualeh Beileh, usa assistant Administrator for Africa  Julie Koenen and US Charge d’Affaires  Martin Dale presided over the signing ceremony.Somalia and the US have jointly signed a $300 million worth development agreement
US aid Deputy Assistant Administrator for Africa  Julie Koenen said the bilateral deal outlines US commitment to back Somali efforts to bounce back on its feet.

The U.S government is committed to support the federal government of Somalia’s efforts in achieving stability through good governance, economic recovery, education and health,” said Koenen in a statement by US aid.
Planning Minister Gamal Hassan termed the deal as landmark saying his ministry will be co-authorize all US development assistances to the country.

Today I had the honor of co-signing a landmark development agreement  with the US gov’t US.aid. The project will be the first in over 30 years and worth over $300 million. From now on, Somalia years will co-authorize all US dev’t assistance to Somalia. Another milestone in the Somali-US relations,” said Hassan .

Since 2011, US aid  has provided over $1.3 billion in humanitarian assistance and $328 million in development assistance to the people of Somalia, statement reads.