At the recent World Bank Development Committee meeting, Somalia’s Finance Minister, Bihi Egeh, delivered a keynote address on behalf of Africa Group 1, representing fellow finance ministers from across the continent.
In his statement, Egeh emphasized the urgent need for enhanced financing to support strategic development investments in critical sectors such as energy, climate resilience, and infrastructure.
Highlighting Africa’s growing economic potential, he called for greater international support to advance job creation and sustainable growth.
Additionally, Egeh underscored the importance of debt sustainability and urged for improved access to flexible and affordable financing to enable African economies to thrive while addressing pressing developmental challenges.
His remarks reinforced the collective call for global financial institutions to prioritize Africa’s unique needs, ensuring that nations can build resilience and unlock opportunities for their populations.