Nairobi, Kenya – The Federal Government of Somalia (FGS) has reaffirmed its dedication to economic reforms and sustainable growth at a two-day high-level conference in Nairobi, hosted by the Somali Bank for Development and Reconstruction. The event attracted international partners backing Somalia’s economic recovery and long-term development goals.
Somalia’s Minister of Finance, Bihi Iman Egeh, along with the governors of the Development Bank and Central Bank of Somalia, headed the country’s delegation. The talks centered on enhancing collaboration between the Somali government and international financial institutions.
The conference attracted key development partners such as the World Bank, African Development Bank (AfDB), European Union (EU), and diplomats closely working with Somalia’s federal government. Their participation signals increasing international trust in Somalia’s economic direction.
Delegates discussed accelerating economic expansion, improving social services, and aiding national reconstruction through joint financial efforts. They stressed utilizing Somalia’s ongoing reforms to foster sustainable and inclusive development.
In his address, Egeh pointed to the nation’s achievements, declaring that Somalia has “overcome difficult stages in terms of economic reform,” and that the time has arrived to “benefit from the long-term efforts.” He noted that the new Development Bank board was appointed “in a transparent, fair, and based on knowledge, skills and competence.”
The minister wrapped up by thanking international organizations for their steadfast support in advancing Somalia’s economic initiatives, emphasizing that such partnerships play “a key role in the stability and future development of the country.”
