The Central Bank of Somalia (CBS) team, led by Governor Abdirahman Mohamed Abdullahi, is currently in Istanbul for the 2nd International Monetary Fund (IMF) Extended Credit Facility (ECF) review and Article IV consultations.
The delegation from the Central Bank was in Istanbul on Sunday preparing for the review sessions.
These discussions focus on critical economic reforms aimed at bolstering Somalia’s macroeconomic stability and fostering sustainable growth.
Such efforts are vital for ensuring a secure and stable Somalia, with economic growth being a key driver for long-term development.
Strengthening the country’s financial institutions and economic policies is essential for resilience against both internal and external challenges.