Mogadishu — The Ministry of Finance is set to officially launch the Somali Financial Governance Report for 2024, an in-depth review of the nation’s financial health. Scheduled to be unveiled later this week, the report aims to provide a clear and transparent overview of Somalia’s economic status, policy progress, and fiscal management over the past year.
The report is expected to highlight key achievements and challenges across major financial pillars, including domestic revenue mobilization, public expenditure control, and debt management. Analysts believe it will also offer critical insights into Somalia’s ongoing economic reforms and the impact of international financial partnerships on its economy.
Finance officials noted that this year’s findings will help inform decisions on resource allocation and pave the way for improved fiscal discipline. The report will also present trends and projections to support sustainable development, bolster transparency, and promote confidence in Somalia’s financial governance systems.
The launch event is expected to draw senior government officials, international partners, and financial stakeholders as the ministry continues to enhance Somalia’s economic resilience through data-driven policies. The ministry’s leadership says this latest report reflects the administration’s commitment to greater transparency and fiscal responsibility as Somalia looks toward further growth and stability in the years ahead.