Somali Prime Minister Abdiweli Sheikh Ahmed and European Commissioner for Development Andris Piebalgs on Thursday (June 19th) signed the first European Commission-Somalia National Indicative Programme (NIP) following Somalia's accession to the Cotonou Agreement last year.
In a statement from the Office of the Prime Minister, Ahmed expressed his satisfaction with the agreement.
"Somalia is moving from the old deal to the New Deal," he said. "It is not only the significant amount of predictable resources to New Deal priorities that will make a difference. It is the commitment of Commissioner Piebalgs to empower the federal government and support directly the core state functions through multi-partners funds that is a game changer."
"The EU can play a key role as a lever and catalyst for EU member states to step up support to Somalia to deliver 2016," he said.
EU Special Envoy to Somalia Michele Cervone d'Urso also noted the magnitude of the agreement.
"This is more than a symbolic moment," he said. "The joint signature of the multi-annual indicative programme for Somalia is a response to the New Deal Compact signed in Brussels last year and allows to translate in concrete terms Somalia's accession to the Cotonou Agreement."
The EU will provide Somalia $400 million in the coming years "to rebuild a peaceful and prosperous Somalia", d'Urso said.