Somaliland’s Minister of Finance and Economic Development, Abdillahi Hassan Adan, outlined a strategic vision for strengthening the region’s economic framework during Wednesday’s cabinet meeting.
By prioritizing accelerated tax collection and enhanced revenue generation, the minister aims to bolster fiscal self-sufficiency, reducing reliance on external aid.
The call for tightening fiscal strategies and effectively mobilizing resources underscores a commitment to improving governance and ensuring sustainable development.
To address pressing economic challenges such as inflation and exchange rate volatility, the establishment of a joint committee between the Ministry of Finance and the Central Bank represents a forward-thinking approach.
This collaboration is expected to provide in-depth analysis of economic conditions and deliver actionable recommendations to stabilize the economy.
These initiatives reflect a proactive stance toward fostering macroeconomic stability, improving public financial management, and driving long-term growth.
Successful implementation could position Somaliland as a model for fiscal responsibility in the region.
