Thursday, 29 March 2018 14:17

Somalia: Agriculture Remains Key to Somalia's Economic Growth and Poverty Reduction

The World Bank and the Food and Agriculture Organization (FAO) released on March 28 a new joint report titled, Rebuilding Resilient and Sustainable Agriculture in Somalia, outlining the challenges and opportunities for Somalia's agriculture sector.

According to the findings of the report, over the past three decades, Somalia's livestock and crop subsectors have been buffeted by an increasingly fragile and degraded natural environment and more frequent and severe cycles of drought and floods. These factors, combined with insecurity, weak government institutions and a deterioration of flood control, irrigation, and transport infrastructure in the south-central regions, have led to a severe decrease in crop yields.

The report, which conducts a comprehensive historical review of Somalia's major agricultural subsectors (livestock, crops, forestry, and fishing), analyzes the subsectors' key medium- and long-term development potential and constraints and outlines policy and investment opportunities. It is part of a wider Country Economic Memorandum (CEM) series investigating growth potential across sectors to assist Somalia in its implementation of the National Development Plan (2017-2019), and the preparation of the subsequent plan.

"This report comes at a critical juncture of Somalia's development trajectory and investment climate," says Said Hussein Iid, Minister of Agriculture for the Federal Government of Somalia. "It provides much-needed analysis of our productive sectors, the environmental impacts, and the development challenges related to governance, infrastructure, and security."

 

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