With what our country has been blessed with, even in the midst of the world recession, we have pledged millions of dollars and resources to impoverished communities and nations. As of this week, we have pledged over 8million dollars through the Somaliland Business Fund-SBF. We are determined to participate in the economic development of Somaliland by funding businesses and entrepreneurs in this fairly new independent country in cooperation with the World Bank. Grants will be given to participants over a period of time after a phasing process.
Economic development is a priority under the Danish Ministry of Foreign Affairs along with the development of security, anti-piracy, governance and Somalia/Somaliland living standards. The Danish International Development Agency-DANIDA head, Mr. Zorem Rasmussen, discussed Denmark's interests in Somalia/Somaliland in an interview stating, "The allocation of this fund is geared towards fulfilling Denmark's intentions for promoting local economic growth and creation of unemployment opportunities.
However, politically, Denmark is not interested as of yet. While the struggles between Somalia and Somaliland still continue, we have pledged our support in a non-political way until requested otherwise. Rasmussen reiterated this, "Although we are currently involved at any level, the government in Copenhagen is closely following proceedings and will not hesitate to provide assistance if deemed necessary or upon request."
It has to be asked though whether resource support of the kind mentioned in this post can NOT have political repercussions, ulterior motives or other outcomes than that desired. There still exists a UK travel ban in Somaliland and political tension remain high, but one cannot predict the future. Is it possible for governmental funds such as those provided by the Denmark government remain pure of political complications or ugly outcomes?
http://somalilandsun.com/index.php/development-aid/2240-somaliland-denmark-allocates-8m-towards-economic-growth
There is a great possibility of political complications to occur, there generally is when resources are given from a developed country to a developing country. Considering Denmark's past political history, actions, and relations with other states the repercussions from Denmark's aid could be minor. What I question though is the effect Denmark's aid could have on Somaliland economy. It is great that Denmark has pledged to help this developing economy but will Denmark's assistant prevent this economy from being able to keep itself afloat past development? Aid is needed to jump start an economy but sometimes wrong aid can be given. To really ensure the development of an economy much more than money is needed, such as exploiting what the developing economy can produce most efficiently. What I question are the repercussions that can occur after Denmark gives aid in regards to the development and stability of the economy.
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