Financial Service Initiative (FSI)

About this project

<p>The aim of the Somalia Financial System Initiative¿ (FSI) is to pilot a new approach to facilitate stronger integration of Somalia into the global financial system. The FSI expects to achieve this by supporting improvement of integrity of the financial sector (both public and private sectors), enhancing enabling environment for boosting international investment, and promoting the development of correspondent banking relationships (CBRs).</p>

Goals

Sustainable Development Goals this project works towards

• 5Gender Equality
• 8Decent Work and Economic Growth
• 17Partnerships for the Goals

Published by

European Commission - Directorate-General for International Partnerships · Other public sector

Countries

Somalia

Sectors

Formal sector financial intermediaries

Focus

Gender equality · Also contributesEnvironment · Main focusGood governance · Also contributesBiodiversity · Also contributesClimate mitigation · Also contributesClimate adaptation · Main focusDesertification · Also contributes

Places

SO - Mogadishu ¿¿¿¿¿¿, SO - 419705-2

Funded by

European Commission

Implemented by

INTERNATIONAL BANK FOR RECONSTRUCTI ON AND DEVELOPMENT

Accountable

International Development Association

Passes funds through

Directorate-General for International Partnerships

Published by European Commission - Directorate-General for International Partnerships to the International Aid Transparency Initiative (IATI), last updated 29 Sept 2026 and imported automatically. IATI identifier: XI-IATI-EC_INTPA-2023-PC-18952.

No updates yet.