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Facing Famine in
Somalia
participant final project on
Massive Open Online Course (MOOC) on Financing for Development
(FFD): Unlocking Investment Opportunities!
• Somali population is facing a famine risk,
again;
• UNICEF pointed that 35,400 children
suffering from severe acute malnutrition
(SAM) were treated at nutrition centres
across Somalia in January and February, a
58% increase over the same period in 2016;
• In 2011 -12 Somalia experienced the worst
famine of the twenty-first century which
resulted in the loss of 258,000 human lifes*
• Due to the many difficulties the country
faces, such as ungovernable state,
terrorism, foreign explorations; many
development financing strategies may be
not feasible at this moment, and probably
helping citizens rebuild and strength their
national identity would have an
important impact on long term prosperity.
*(Maxwell, Majid, Adan, Abdirahman, Kim, 2016).
• Financing development in fragile and conflitc-affected situations (FCS) is
especially challenging once the investment risk perception in this countries are
notably higher than in other countries;
• Observing that multilateral agencies plays a critical role on mitigating risks and
catalysing investments;
• The Develpment Finance Forum, in Dublin (2016) discussed many possibilities that
should be considered on Somalias issues. Bellow are some of them:
Guarantees by Internationa
Financial Institutions
Scaling up the use of insurances, such as
MIGA provide political risk mitigation for
international investors;
Opening this insurance to domestic investor
including SME would help sharp resilience
and long term transformations.
Crowdfunding/ investing and
local currency loans
Crowdfundind/investing is considered a
good due to its transparency, the
effectiveness for remittances and to build
community and social cohesion;
Local currency loans reduce entrepeneur
risks significantly. Developing hedge
instruments might help develop local
financial markets and provide long-term
horizon to entrepreneurs.
Regulatory Enviroment
Establishing international norms for conduct
and transparency is important helps improve
business enviroment, protect countries
natural resources and prevent ilicit capital
flows and activities. Combatting Ilegal
fishing in Somalia is na example that would
attract local investments.
Promoting the set of custos and values, as
well as their culture manifestations helps
create an integrated informal intitution
• Somalis are facing extremelly hard situations for long
years;
• Located in a strategic geografic place they suffered from
foreign explotations, corruption, and natural constraints;
• Despite that they remain resilient and should not be
considered a falied nation that need to be supported
forever;
• Instead that valorize and promote their culture and
impportance to the world must be the driver of all actions
that wish to be humanitarian.

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Facing famine in somalia v2

  • 1. Facing Famine in Somalia participant final project on Massive Open Online Course (MOOC) on Financing for Development (FFD): Unlocking Investment Opportunities!
  • 2. • Somali population is facing a famine risk, again; • UNICEF pointed that 35,400 children suffering from severe acute malnutrition (SAM) were treated at nutrition centres across Somalia in January and February, a 58% increase over the same period in 2016; • In 2011 -12 Somalia experienced the worst famine of the twenty-first century which resulted in the loss of 258,000 human lifes* • Due to the many difficulties the country faces, such as ungovernable state, terrorism, foreign explorations; many development financing strategies may be not feasible at this moment, and probably helping citizens rebuild and strength their national identity would have an important impact on long term prosperity. *(Maxwell, Majid, Adan, Abdirahman, Kim, 2016).
  • 3. • Financing development in fragile and conflitc-affected situations (FCS) is especially challenging once the investment risk perception in this countries are notably higher than in other countries; • Observing that multilateral agencies plays a critical role on mitigating risks and catalysing investments; • The Develpment Finance Forum, in Dublin (2016) discussed many possibilities that should be considered on Somalias issues. Bellow are some of them: Guarantees by Internationa Financial Institutions Scaling up the use of insurances, such as MIGA provide political risk mitigation for international investors; Opening this insurance to domestic investor including SME would help sharp resilience and long term transformations. Crowdfunding/ investing and local currency loans Crowdfundind/investing is considered a good due to its transparency, the effectiveness for remittances and to build community and social cohesion; Local currency loans reduce entrepeneur risks significantly. Developing hedge instruments might help develop local financial markets and provide long-term horizon to entrepreneurs. Regulatory Enviroment Establishing international norms for conduct and transparency is important helps improve business enviroment, protect countries natural resources and prevent ilicit capital flows and activities. Combatting Ilegal fishing in Somalia is na example that would attract local investments. Promoting the set of custos and values, as well as their culture manifestations helps create an integrated informal intitution
  • 4. • Somalis are facing extremelly hard situations for long years; • Located in a strategic geografic place they suffered from foreign explotations, corruption, and natural constraints; • Despite that they remain resilient and should not be considered a falied nation that need to be supported forever; • Instead that valorize and promote their culture and impportance to the world must be the driver of all actions that wish to be humanitarian.