The Somalia National Bureau of Statistics (SNBS) has launched three capacity-building initiatives jointly with the Eastern Africa Statistical Training Centre (EASTC).
The launch marks a significant step toward strengthening statistical and financial management expertise within Somalia’s federal government institutions.
Here’s a breakdown of the key aspects and implications of these initiatives:
1. National Accounts Program
– Focus: Training participants on GDP compilation using the production approach.
– Key Components:
– Development of annual and quarterly GDP estimates in current and constant prices.
– Calculation of GDP at constant prices in volume terms, which is crucial for accurate economic analysis.
– Impact: This program will enhance the ability of participants to produce reliable national accounts data, which is essential for informed economic policymaking and monitoring Somalia’s economic progress.
2. Financial Accounting, Financial Management, and Internal Audit Program
– Focus: Equipping participants with skills in financial reporting, budgeting, public financial management, and internal auditing.
– Key Components:
– Financial reporting and budgeting techniques.
– Public financial management practices.
– Internal auditing to ensure transparency and accountability.
– Impact: By improving financial management skills, this program will strengthen institutional capacity to manage resources effectively, reduce financial risks, and enhance accountability in public sector operations.
3. Statistical Foundations Program
– Focus: Building technical proficiency in data collection, management, and analysis.
– Key Components:
– Data collection using tools like KoboToolbox and ODK.
– Data management and analysis using Excel and STATA.
– Creation of dashboards and visualizations using Excel and Power BI.
– Impact
This program will empower participants with modern statistical tools and techniques, enabling them to produce high-quality data and visualizations that support evidence-based decision-making.
Overall Significance
– Capacity Building
These programs address critical skill gaps in statistical and financial management, which are essential for effective governance and development planning.
– Institutional Strengthening
By involving participants from SNBS and 11 federal government ministries, departments, and agencies, the initiatives promote collaboration and knowledge-sharing across institutions.
– Support for Development Agenda
Dr. Humbul emphasized that mastering statistical software and working with complex datasets will enhance decision-making capabilities, directly supporting Somalia’s development goals.
Broader Implications
– Economic Development
Improved GDP compilation and economic analysis will provide a clearer picture of Somalia’s economic performance, aiding in the formulation of targeted policies.
– Transparency and Accountability
Enhanced financial management and auditing skills will contribute to better governance and increased public trust in government institutions.
– Data-Driven Decision-Making
The use of advanced statistical tools and visualization techniques will enable policymakers to make informed decisions based on accurate and timely data.
In conclusion, these capacity-building programs represent a strategic investment in Somalia’s human and institutional capital, laying the groundwork for sustainable development and effective governance.
The collaboration between SNBS and EASTC highlights the importance of regional partnerships in addressing capacity gaps and fostering economic growth.