MOGADISHU — The Minister of Finance for the Federal Government of Somalia, H.E. Bihi Iman Egeh, held high-level discussions with the World Bank’s Somalia Country team, headed by Country Manager Mr. Hideki Matsunaga.
The strategic gathering in the capital centered on comprehensively assessing the current World Bank portfolio active within the nation, ensuring that ongoing development and institutional projects align closely with the federal government’s economic priorities.
Addressing the Drought Crisis
A primary focus of the meeting was identifying immediate financial and strategic response measures to tackle the persistent drought conditions impacting vulnerable communities across the country. Officials explored mechanisms to rapidly mobilize climate financing and emergency response funds to mitigate the humanitarian impact without derailing the country’s broader fiscal progress.
Building Economic Resilience
Following Somalia’s historic completion of the debt relief process, the Ministry of Finance has actively engaged with international financial institutions to transition from emergency aid dependency to sustainable, long-term economic growth.
These latest discussions with the World Bank build upon the government’s wider economic agenda—including the National Transformation Plan (NTP 2025–2029)—which seeks to strengthen institutional resilience, enhance public service delivery, and protect the economy from recurrent climate shocks.
