FTL Somalia

Somali Delegation Advances Economic Reforms in High-Stakes IMF-World Bank Meetings

A high-level Somali government delegation, led by the Federal Minister of Finance and including the Governor of the Central Bank of Somalia, Somali National Bureau of Statistics (SNBS) Director General Dr. Abdisalam Mohamed, and other senior officials, is participating in the 2025 IMF–World Bank Spring Meetings in Washington, D.C.

The meetings mark a pivotal moment for Somalia as it charts its economic future following the historic achievement of the HIPC Completion Point, which unlocked billions in debt relief late last year.

During the summit, the delegation held strategic discussions with key IMF officials, including Jihad Azour, Director for the Middle East and Central Asia Department, and Mohamed Maait, IMF Executive Director for Arab States and the Maldives.

The talks focused on Somalia’s post-debt relief economic strategy, with an emphasis on sustaining growth, deepening financial sector reforms, and enhancing governance through data-driven policymaking.

“This is a transformative period for Somalia,” said a senior delegation member. “With debt relief secured, we are now prioritizing structural reforms to attract investment, modernize our financial systems, and ensure long-term stability.”

The meetings underscore Somalia’s commitment to collaborating with international partners as it transitions from debt relief to sustainable development. The outcomes are expected to shape the country’s economic policies and funding priorities in the coming years.