FTL Somalia

Somalia Showcases Financial Reform Achievements at WB/IMF Spring Meetings

On the final day of the World Bank and International Monetary Fund (WB/IMF) Spring Meetings, the Governor of the Central Bank of Somalia (CBS) co-chaired a high-level Financial Sector Integration (FSI) event alongside the World Bank Somalia Country Manager. The session marked a key moment for Somalia to demonstrate its commitment to ongoing financial reforms and regional integration.

During the event, the Governor highlighted significant milestones achieved under CBS Strategy 2029, emphasizing improvements in payment systems, financial inclusion, and institutional reforms.

He underscored how these reforms are laying the groundwork for a more stable and inclusive financial sector in Somalia, attracting investor confidence and fostering economic resilience. The collaborative event underscored Somalia’s growing role in shaping regional financial dialogue and advancing reform-driven development.