A committed vision for a better life
HoAI Partner Organizations
To operationalize and finance the Priority Package of proposals worth $15.89 billion approved by the Finance Ministers of the HoA countries 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 and financial support to facilitate the dialogue on the shared priorities and develop proposals for transformative regional projects for the Horn of Africa Priority Package.
The ministers also agreed on the need to build a coalition of development finance partners to support the implementation of the priority package to realize this historic opportunity for building peace and prosperity in the Horn of Africa. The priority projects under the Initiative are intended for 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 as one of the four hotspots for specific attention, while also covering 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 regional economic commission in Eastern Africa. It includes governments from the Horn of Africa, Nile Valley, and the African Great Lakes. It is headquartered in Djibouti City. IGAD is now an observer in the HoAI.
The Horn of Africa Initiative recognizes the pivotal role of interconnectivity in achieving sustainable socio-economic growth and development across the six-member countries. For this to materialize, HoAI welcomes wider donor engagement in all aspects of project formulation, financing, and implementation on the HoAI Pillars and Priorities. The Horn of Africa Initiative leverages the incremental benefits of development partners working in tandem for sustainable development, peace, and prosperity of the Horn.