On Thursday, the Central Bank of Somalia held its annual retreat for management and staff at the Decale Airport Hotel.
During this year’s Annual Management and Staff Meeting, participants discussed several issues.
Among these were the bank’s strategic and transition plans for the next four years, from 2020 to 2024.
Furthermore, the management and staff discussed the bank’s reform progress in 2019 while announcing that it would adopt a function-based structure.
The meeting comes at a time of great distress for Somalia, which has been grappling with the effects of the COVID-19 pandemic, increased floods, and locust invasion.
Moreover, the country’s fiscal discipline is in sharp focus as Somalia prepares for national elections in late 2020 followed by presidential polls in early 2021.