The Federal Government of Somalia has reaffirmed its commitment to economic reform and sustainable development during a two-day high-level international conference held in Nairobi, organized by the Somali Bank for Development and Reconstruction. The meeting brought together global partners supporting Somalia’s economic recovery and long-term development agenda.
The Minister of Finance of the Federal Republic of Somalia, Mr. Bihi Iman Egeh accompanied by the Governors of the Development Bank and the Central Bank of Somalia led Somalia’s delegation to the meeting, which focused on strengthening cooperation between the Somali Government and international financial institutions.
The meeting drew participation from major development partners, including the World Bank, the African Development Bank (AfDB), the European Union (EU), and representatives from several diplomatic missions working closely with the Federal Government of Somalia. Their engagement underscored the growing international confidence in Somalia’s economic trajectory.
During the discussions, delegates explored ways to accelerate economic growth, enhance social service development, and support national reconstruction through coordinated financial cooperation. Participants emphasized the importance of leveraging reforms already undertaken by Somalia to achieve long-term and inclusive development.
Speaking at the conference, Minister Bihi Iman Egeh highlighted the country’s progress, stating that Somalia has “overcome difficult stages in terms of economic reform,” noting that the time has now come to “benefit from the long-term efforts.” He further emphasized that the newly established Board of the Development Bank was selected “in a transparent, fair, and based on knowledge, skills and competence.”
The Minister concluded by commending international organizations for their continuous support in advancing Somalia’s economic development plans, stressing that such cooperation plays “a key role in the stability and future development of the country.”
