Hargeisa, Somaliland — The Governor of the Central Bank of Somaliland has held high-level discussions with officials from Taiwan’s Central Bank and the Financial Supervisory Commission (FSC), signaling deepening financial and economic cooperation between the two partners.
The meetings, held in Taipei, focused on strengthening Somaliland’s monetary policies, enhancing regulatory frameworks, and exploring opportunities for greater collaboration in banking supervision and financial sector development. According to officials, the discussions also touched on areas such as digital financial services, anti-money laundering mechanisms, and institutional capacity building.
Somaliland and Taiwan, both unrecognized internationally but steadily building bilateral partnerships, have increasingly worked together since establishing representative offices in 2020. Their cooperation has spanned infrastructure, healthcare, technology, and trade, and now appears to be advancing into more sophisticated financial and regulatory collaboration.
Financial analysts note that Taiwan’s technical expertise and robust financial oversight systems could provide Somaliland with valuable knowledge to modernize its banking sector, improve compliance standards, and build investor confidence in its economy. For Taiwan, the engagement reinforces its international outreach strategy and bolsters its diplomatic presence in Africa.
The Central Bank Governor emphasized that Somaliland is committed to aligning its financial system with international best practices, while the FSC expressed readiness to share its experience in oversight, financial inclusion, and digital transformation.
Observers say the outcome of these engagements could pave the way for joint training programs, technical exchanges, and the development of stronger channels for regional and international financial cooperation.