Background: In May 2025, the Federal Republic of Somalia, through its Ministry of Finance (MoF) launched the Somalia Productive, Resilient, and Inclusive Growth (SPRING) project. The project development objective is to promote private sector-led growth and job creation by improving the business-enabling environment, strengthening the financial system, and enhancing access to finance. The SPRING project is organized around four components (three mutually-reinforcing and one supporting): (i) Component 1: Improving the enabling environment for the private sector; (ii) Component 2: Deepening financial sector reforms and strengthening institutional capacity; (iii) Component 3: Enhancing access to finance and resilience for MSMEs; and (iv) Component 4: Project Management. A wide range of activities will be implemented as part of this project to reach its development objective, such as improvements to regulatory/institutional frameworks, the rollout of the digital ID system, financial sector reforms, the creation of a risk-sharing mechanism, and the provision of business development services for micro, small and medium enterprises in select economic sectors, among others. MoF received US$105 million from the World Bank, including US$10 million from the Somalia Multi-Partner Fund to implement the SPRING project. As part of this initiative, under Component 1, the Ministry of Commerce and Industry (MoCI) is strengthening its role in Advancing regional trade integration through Somalia’s accession to the East African Community (EAC) and the World Trade Organization (WTO). MoF intends to apply for part of the proceeds from the World Bank to finance the position of Industrial Development Advisor for the Ministry of Commerce and Industry. The Industrial Development Advisor will support MoCI in implementing industrial policies, formalizing businesses, improving export readiness, developing Special Economic Zones, strengthening intellectual property administration, coordinating...
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Start Free| Issuing agency | World Bank -- Somalia productive, resilient, and inclusive growth (SPRING) project |
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| Country | Somalia, Federal Republic of |
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| Category | Education |
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| Published | September 10, 2026 |
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| Procurement stage | Sources Sought |
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| Response due | September 30, 2026 |
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| Status | Open — accepting responses |
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| Official source | View original notice |
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| Last verified | September 18, 2026 |
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Source: The World Bank — Open Data, licensed CC BY 4.0.
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