Somaliland
Private Sector-Led Growth and Transformation Strategy
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This publication, which focuses on Somaliland, lays out a strategy for inclusive growth that creates jobs, reduces poverty, improves the lives and livelihoods of the population, and enhances the government's revenue base so that it can deliver basic services to the public. Based on the private sector, which accounts for 90% of Somaliland's GDP, the proposed strategy aims at just growth but also the transformation of the economic base to a diversified, highly productive one that uses technology and innovation. The comprehensive strategy for private sector development, which is outlined in this ...
This publication, which focuses on Somaliland, lays out a strategy for inclusive growth that creates jobs, reduces poverty, improves the lives and livelihoods of the population, and enhances the government's revenue base so that it can deliver basic services to the public. Based on the private sector, which accounts for 90% of Somaliland's GDP, the proposed strategy aims at just growth but also the transformation of the economic base to a diversified, highly productive one that uses technology and innovation. The comprehensive strategy for private sector development, which is outlined in this publication, will explore the nature of the impediments and constraints that the private sector faces today and will outline how to best remove them. It will also highlight the type of proactive support (beyond removing impediments) that is needed to help the sector to develop and contribute to the country's development objectives. It will attempt to identify areas for investment opportunities that are also developmentally impactful. This should be particularly useful to both foreign and domestic investors who desire to make investment decisions but lack the necessary information on which to base those investment decisions.
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