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Reading: Finance Minister Bihi Egeh Meets U.S. Treasury Official to Bolster Economic Reforms and AML/CFT Cooperation
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Somali National News Agency > Blog > Local News > Finance Minister Bihi Egeh Meets U.S. Treasury Official to Bolster Economic Reforms and AML/CFT Cooperation
Local News

Finance Minister Bihi Egeh Meets U.S. Treasury Official to Bolster Economic Reforms and AML/CFT Cooperation

By Abdullahi Hussein
Last updated: April 23, 2025
2 Min Read
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Washington D.C., SONNA — The Minister of Finance of the Federal Government of Somalia, H.E. Bihi Iman Egeh, held a high-level meeting with Mr. Eric Meyer, the Deputy Assistant Secretary for Africa and the Middle East at the U.S. Department of the Treasury, on the sidelines of the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington, D.C.

The meeting provided an opportunity to review Somalia’s ongoing economic reform program, which is supported by the IMF and aimed at fostering macroeconomic stability, promoting inclusive growth, and advancing institutional reforms, including currency reform. Both sides exchanged views on the progress made so far and the next steps in the reform journey.

Minister Egeh and Deputy Assistant Secretary Meyer also explored ways to further strengthen cooperation between Somalia and the United States, particularly in the areas of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT). Enhancing legal and institutional frameworks to combat financial crimes remains a key priority for Somalia as it continues to rebuild a resilient financial sector and improve public financial management.

The meeting reaffirmed the strong partnership between Somalia and the United States and underscored their shared commitment to advancing stability, economic recovery, and good governance.

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