MOGADISHU — The Prime Minister of the Federal Government of Somalia, Hamza Abdi Barre, received Ms. Mary Porter Peschka, the Regional Director for East Africa at the International Finance Corporation (IFC), a member of the World Bank Group, at his office in Mogadishu today.
The high-level meeting focused on strengthening cooperation between the Federal Government and the agency, specifically regarding the implementation of the National Transformation Plan (NTP 2025-2029). This strategic framework serves as a major vision aimed at developing economic infrastructure, boosting the private sector, and encouraging innovation.
“Somalia has achieved growth in revenue,” Prime Minister Hamza noted, thanking the IFC for the role it plays in financial support and the economic development of the country.
A key topic of discussion was the strengthening of participation in mutual benefit projects, known as Public-Private Partnerships (PPPs), which are central to the government’s economic agenda. Ms. Peschka thanked the Prime Minister for the reception, affirming that the IFC is committed to deepening its collaboration with Mogadishu.
Finance Minister Engages on Investment
In a separate but related engagement, the Minister of Finance, Bihi Iman Egeh, held a constructive discussion with Director Peschka.
Their conversation centered on enhancing IFC involvement in the country’s financial ecosystem. Both parties explored mechanisms for promoting private sector-driven development and progressing Somalia’s broader investment initiatives, ensuring alignment with national fiscal goals.
