Somalia, IMF Open High-Level Talks in Nairobi on Economic Reforms and Investment

GOOBJOOG NEWS | NAIROBI: Somalia and key international financial institutions, including the International Monetary Fund (IMF), opened a high-level meeting in Nairobi on Monday to discuss the country’s ongoing economic reform program and explore new investment opportunities.

The four-day summit brings together Somali government officials and international partners to assess progress made since Somalia qualified for multilateral debt relief, and to outline a roadmap for sustainable development and fiscal stability.

Somalia’s delegation is led by Finance Minister Biixi Imaan Cige and includes senior officials from the Offices of the President and Prime Minister, as well as representatives from the Ministries of Finance, Planning, Petroleum, the Central Bank, the Financial Reporting Centre, the National Bureau of Statistics, and the Office of the Accountant General.

In his opening remarks, Minister Biixi reaffirmed Somalia’s commitment to economic reform and modernization of revenue systems.

“Our efforts are laying the groundwork for long-term financial stability and economic self-reliance,” he said.

The talks will also explore potential funding avenues for national development projects in key productive sectors, such as energy, agriculture, and infrastructure.

Somalia’s reform efforts, supported by global financial institutions, aim to enhance transparency, improve public financial management, and build investor confidence following years of conflict and underdevelopment.