Private Sector Development in Somalia Phase 2 Multi-Donor Trust Fund (No. TF074055)

About this project

<p class="ql-align-justify">The IFC Private Sector Development in Somalia (PSDS) Trust Fund will help catalyze private investment and contribute to job creation and revenue mobilization. The Trust Fund will do this by (a) strengthening the voice and capacity of the private sector in engaging with the government to improve the business environment, (b) enhancing technical expertise and capacity of business-facing public institutions in formulation and enforcement of economic laws, rules and regulations, and (c) building capacity of businesses in selected sectors in design and delivery of financial and non-financial services in support of enterprise development. &nbsp;</p>

Goals

Sustainable Development Goals this project works towards

• 5Gender Equality
• 7Affordable and Clean Energy
• 8Decent Work and Economic Growth
• 9Industry, Innovation and Infrastructure
• 17Partnerships for the Goals

Published by

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

Countries

Somalia

Sectors

Business policy and administration

Focus

Biodiversity · Also contributesGender equality · Also contributesEnvironment · Main focusGood governance · Also contributesClimate mitigation · Also contributesClimate adaptation · Also contributesDesertification · Also contributes

Places

SO - 419705-2, SO - Mogadishu

Funded by

European Commission

Implemented by

INTERNATIONAL FINANCE CORPORATION

Accountable

Private sector in recipient country

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-18957.

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