The international community is providing a treasure-chest to combat piracy in Somalia.More than 190 million euros have been pledged by a group of nations at a donors conference in Brussels. The money will by used to boost security and stability in Somalia. Humanitarian Aid Commissioner Louis Michel said: “In absolute terms we’ve at least obtained the amount requested, but this also includes contributions of equipement, material and logistics. We’re above the amount we were hoping for. This conference has been a great success.” The international community has a vested interest in paying for improved security in the area. Attacks on ships and hostage-takings off Somalia have proved to be very costly. The Somalia leadership has long insisted the world must take the lead against the sea gangs. President Sheikh Shariff Sheikh Ahmad said: “If we are to resolve the problem of piracy, it will require taking a radical route and a broad approach.” The funds are partly aimed at bringing an end to two decades of lawlessness in Somalia. The EU is donating 60 million euros to help the African Union provide stability, while Somalia builds up a coast guard and police service.