The somalilands share is limited to the humanitarian funds, somaliland wasn't part of the conference but the world has responsibility towards its society in the face of somali extremism so they are balancing their commitment in the humanitarian assistance...this will fund their development projects. the donor community will directly transfer the funds to them through the UNDPs.
The somali local and central governments will get the funds through the joint financial board, for example each ministry has a budget so they have to come up each time with financial accounting and notifications to receive new amount. The funds will be sent through the central bank and the local UNPDs.
Somali President Hassan Sheikh has said that a joint financial board, including Somali officials and representatives from the donor community, will manage the funds pledged during the New Deal for Somalia conference in Brussels on Monday.
“The joint financial board will manage the nation’s (Somalia) economy in the most transparent manner,” remarked Mohamud. He added that donor countries and organizations are going to have a significant representation.
The Somali leader’s remarks comes after it was declared that a total of Euro 1.8bn ($2.4bn) was pledged by more than 70 countries and organisations that took part in the New Deal for Somalia conference.
President Mohamud underlined that the funds pledged will be equitably distributed to all regions of Somalia for rebuilding, recovery and development