A committed vision for a better life
HoAI Partner Organizations
On 18 October 2019, the finance ministers and the representatives from all five countries approved a Priority Package of proposals worth $15.89 billion during a meeting held during the 2019 World Bank/IMF Annual Meetings in Washington, DC.
The countries have requested three development partners— the European Union, the African Development Bank, and the World Bank Group— to provide technical support and facilitate the discussions to identify shared priorities and develop proposals for transformative regional projects. These projects will form the Horn of Africa Priority Package.
The ministers also agreed on the need to build a coalition of financiers to support the implementation of the priority package to realize this historic opportunity for peace and prosperity in the Horn of Africa. The priority projects under the Initiative are available for further development and financing through domestic and concessional resources and through private sector participation.
The European Union
The EU strategy towards the HoAI covers humanitarian issues and conflict. It also highlights key elements of the programme, based on the objectives as good governance, human rights, and peacebuilding.
The World Bank Group
The Regional Integration and Cooperation Assistance Strategy of the World Bank Group – "including the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA)" — makes explicit reference to the Horn of Africa, while also covering key program areas as broader priorities.
African Development Bank
The Regional Integration strategy of AFDB is well-aligned with the two HOAI pillars concerning Infrastructure Connectivity (including elements of the battle against climate change) and Trade and Investment.
Regional Economic Community
Intergovernmental Authority on Development
The Intergovernmental Authority on Development (IGAD) is an eight-country trade bloc in Africa. It includes governments from the Horn of Africa, Nile Valley, and the African Great Lakes. Its headquarters are in Djibouti City. IGAD is now associated as an observer for the HoAI.
The Horn of Africa Initiative recognizes the pivotal role of interconnectivity in achieving sustainable socio-economic growth and development across the five member states. For this to materialize, the HoAI welcomes wider donor engagement in all aspects of project implementation. As the program kicks off, the ripple effect of inevitable change will resonate all over Africa, bringing together multi-sectoral stakeholders for peace and prosperity.