Development of Somalia’s National Financial Inclusion Strategy (2027–2031) for CBS

FEDERAL GOVERNMENT OF SOMALIA The Ministry of Finance REQUEST FOR EXPRESSION OF INTEREST (REOI) Country: Federal Government of Somalia (FGS) Name of the Project: Somalia Productive, Resilient and Inclusive Growth Project (SPRING), Assignment Title: Develop Somalia’s National Financial Inclusion Strategy 2027–2031 Project ID: P501662 Deadline for submission of EOI 5th September 2026 4:00pm Individual/Firm: firm Selection Ref No. SO-MOF-555945-CS-CQS 1. Background In May 2025, the Federal Republic of Somalia, through the Ministry of Finance, 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 main components: (i) improving the enabling environment for the private sector; (ii) deepening financial sector reforms and strengthening institutional capacity; (iii) enhancing access to finance and resilience for Micro, Small and Medium Enterprises; and (iv) supporting project management and coordination. Under the SPRING Project, a wide range of reform activities will be implemented to achieve the project development objective. These include improvements to regulatory and institutional frameworks, the rollout of the national digital identification system, financial sector reforms, the establishment of risk-sharing mechanisms, and the provision of business development services to MSMEs in selected economic sectors, among other priority interventions. The Ministry of Finance has 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 Component 2, which focuses on deepening financial sector reforms and strengthening institutional capacity, the Ministry of Finance intends to apply part of the proceeds to suppor