Declaration by the initial members of the joint financial management board at the london conference

[Che -Guevara]

Thursday, February 23, 2012

 

Establishing the Joint Financial Management Board (hereafter “the Board” or “the JFMB”) is a positive response to the spirit and letter of commitments already entered into by the Transitional Federal Government (TFG) and members of the international community.

 

On 9 September 2011 in Nairobi, the Heads of State and Government of the East African Community (EAC), the Inter-Governmental Authority on Development (IGAD) and the Republic of South Sudan solemnly declared in paragraph xi (12) of the Joint Declaration of ‘The summit on the Horn of Africa crisis: Ending drought emergencies: A Commitment to Sustainable Solutions’ to undertake: “the formation of a Joint TFG-Donor Financial Management Board, to manage all financial resources provided to the TFG from both internal and external sources.”

 

On 30 September 2011 in Copenhagen, the International Contact Group (ICG) recommended in the Final Communiqué: “The establishment of a Joint TFG-Donor Financial Management Board as recommended by the Horn of Africa Summit in September 2011.”

 

Currently, the initial members of the JFMB are the Transitional Federal Government (TFG) of Somalia, or any future successor government of Somalia; the United Kingdom; the French Republic; the European Union; and the World Bank. It is the expectation of the members that the Board will be expanded to include other donors before it is formally established.

 

 

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