Job creation and poverty reduction

A fundamental source of conflict in Somalia is the widespread abject poverty and scarcity of resources. Unemployment hovers around 80% and the overwhelming majority of Somalis live under $1 a day. Nearly 70% of the Somali population is under the age of 30. Many of them are recruited into violent groups because they are unable to find sustainable opportunities.

The second target of the Project aims to gradually reduce poverty by investing in youth employment, vocational training, microfinance schemes and volunteer programs. The FGS will compliment this target with youth friendly policies, tax credits to companies that hire qualified young people and establishment of a National Volunteer Program. The private sector will compliment this target with facilitation of microfinance schemes.

Criteria will be set for those eligible for microfinancing, with special preference to the spouses of men and women in uniform (police, military and intelligence).