G8 Foreign Ministers welcomed significant progress made in Somalia over the past 18 months on security, political transition and humanitarian conditions.
Foreign Ministers addressed a number of international issues, challenges and opportunities that impact on global peace, security and prosperity. Beyond exchanging views and coordinating actions on the pressing foreign policy issues of the day, they made a number of commitments which included Somalia.
In a joint statement issued at the end of the meeting, they made the following commitments on Somalia:
“G8 Foreign Ministers welcomed the significant progress made in Somalia over the past 18 months on security, political transition and humanitarian conditions and recognised the considerable support provided by the AU Mission in Somalia (AMISOM), African Union strategic partners, Troop Contributing Countries, the United Nations, European Union and other international donors. G8 Ministers underlined the need for continued early international support to the new Somali Government. The G8 noted that the second Somalia Conference in London, to be co-hosted with the Somali Government in May, aims to endorse a series of Somali-led plans to rebuild the security forces, the judiciary, and public financial management systems. It will also support the Federal Government of Somalia in establishing effective federal structures for Somalia. The Special Conference on Somalia in the margins of the TICAD V in Japan in May will focus on the need for socio-economic development from the angle of human security. This will be followed in September by an EU conference seeking to encompass a broader set of Somali priorities for rebuilding the state and establishing a new political order. It will do so on the basis of a Compact, in line with the New Deal Principles for Fragile States. All three conferences will place the new Somali Government firmly in the lead on rebuilding Somalia.”
Somalia: IFI re-engagement“Ministers agreed to provide high-level political support to the process of Somalia’s re-engagement with the World Bank, the African Development Bank, and the International Monetary Fund, while taking into account the policies and procedures of the International Financial Institutions with regard to countries in fragile situations, including security considerations. Ministers strongly encouraged the Somali Government in its efforts to this end. They recognised that the economic and institutional expertise and broader support these organisations can provide is necessary to help implement reforms that could promote macroeconomic stability, fiscal sustainability, the potential for inclusive economic growth, an enabling environment for Foreign Direct Investment, and the expansion of trade.
“In parallel, Ministers urged the Somali Government to demonstrate particular political commitment to public financial management and to strengthening transparency and accountability in order to lay the foundations for IFI re-engagement. Ministers acknowledged that full IFI engagement and the rebuilding of Somalia was a long-term endeavour that would require sustained high-level political support.”