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Ministry of Finance
@MoF_Somalia
Official Twitter Account of the Ministry of Finance of the Federal Republic of Somalia.
Ministry of Finance’s Tweets
It was a pleasure to discuss #Somalia's economic reform journey with president yesterday on the sidelines of #FeedAfrica Summit. The Bank is a key partner which provides strategic support towards domestic revenue mobilization, PFM & good governance.
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Yesterday I participated in a panel of African Finance & Agriculture Ministers to discuss our national policy priorities & financing opportunities for the agriculture sector in the continent during #Dakar2Summit in Senegal. Food security is a fundamental priority for #Somalia.
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On #InternationalCustomsDay2023 we recognise the vital role all our ports & airports play in trade & generating domestic revenue for #Somalia's development. We are committed to modernising customs operations & delivering excellent services to the business community. #CustomsDay
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. DG opened today a 5-day PPP Certificate Program for Public &Priviate Sector Officials in Nairobi organised by & ,under the Strengthening PPP Frameworks Advisory Project.The Goal is to enhance cooperation btw Public &Private Sector in #Somalia.
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The Somalia Crisis Recovery Project co-managed by handed over to Jubbaland Authorities 11 rehabilitated river embankment sites in Baardhere & Dolow districts. These will prevent floods which used to cause major damages to the districts & livelihoods.
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Today the FGS institutions finalised the IMF Staff visit meeting in which we discussed where we are in the economic reform program in #Somalia. We are making progress & we will redouble our efforts to achieve higher revenue, stronger public financial management & good governance.
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Today I opened the first day of the regular fiscal federalism meeting with Finance Ministers from #Somalia's Federal Member States & ourtechnical team's. We will discuss further strengthening fiscal federalism issues including raising domestic revenue & improving good governance.
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It was a great honor to witness H.E. President sign the 2023 budget today alongside relevant legislative & colleagues. We now have to return to the hard work of reforms & raising the domestic revenue in #Somalia.
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I thank the honorable lawmakers of #Somalia for working with to pass the 2023 national budget. Despite the many challenges we face as a nation owing to the global economic slowdown & war on terror, we are committed to economic reforms & raising our domestic revenue.
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It was a pleasure to be invited to speak at the #Somali Women in Business Summit today in #Mogadishu. I spoke of the vital role women have played & continue to play in the socio-economic development of #Somalia. We are proud of our strong, innovative & industrious women
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Today I participated in the bid opening ceremony for the supply & delivery of non-perishable foodstuff & fuel for the security sector in #Somalia. We are committed to strengthening procurement systems & processes to get better value for money & enhance transparency.
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The IMF 2022 Article IV Consultation and Fourth Review of the Extended Credit Facility for #Somalia” continues to show strong reform commitment & delivery despite the existing climatic & global economic challenges. Please read full IMF statement below:
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Wasiiru-Dowlaha Wasaarada Maaliyadda XFS, ahna kusimaha Wasiirka Marwo Raaxo Maxamud Janaqow, ayaa xilalka u kala wareejisay maamulkii hore iyo kan cusub ee Furdada Canshuuraha Dekadda wayn ee Muqdisho. Wasiirka ayaa kormeertay qeybaha kala duwan xafiisyada maamulka furdooyinka.
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Today sent an official written response to the Auditor General & relevant FGS stakeholders regarding the 2021 Financial Audit Report which was released last week. We are committed to enhancing good governance as part of our economic reforms.
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Today Minister
opened the EU Budget support Steering Committee Meeting in #Mogadishu. The is an important partner in #Somalia's economic & fiscal reforms. The budget support has assisted with vital government expenditure & Technical assistance support.
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The Ministry of Finance is aware of the Auditor General's (AG's) report for 2021 which was broadcast live on TV today. While respecting the independence of AGs Office, the Ministry will read the report and provide an appropriate response at the earliest opportunity.
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It was a pleasure to co-chair a Cabinet meeting on the Collection of Policy Notes by #Somalia team today with . We discussed the status of the economic reforms programs, government & Bank priorities & ways to further strengthen our partnership.
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I delivered a statement discussing #Somalia's economic reform progress & the need for further support towards realising debt relief at the League of Arab States Finance Ministers meeting today. I also spoke of the economic impact of the ongoing drought & food insecurity.
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I have arrived in Algeria to participate in the League of Arab States Finance Ministers meeting in the build up to the Heads of States & Government's Summit next week. I look forward to engaging my Finance Minister colleagues on #Somalia's economic reform & debt relief program.
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I welcome this positive outcome from the IMF discussions. We are making progress despite the global challenges; economic slowdown, rising inflation & food prices. #Somalia is committed to continuing the successful implementations of economic reform program
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Today, on #WorldFoodDay, I was honored to deliver the challenges & opportunities on food security & energy at the #African Caucus Meeting with president on behalf of all the Finance Ministers of #Africa. We must work towards food security in #Somalia
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I spoke about #Somalia economic reform experience & opportunities in the context of today's multiple global challenges in the African Governors meeting with IMF MD on the margins of the Annual Meetings in Washington DC.Partnership is key to our reforms efforts
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It was a pleasure to discuss #Somalia's economic reform progress with 's yesterday on the margins of the #IMFMeetings in #WashingtonDC. We also discussed the Bank's pipeline of projects & how to ensure they have the most impact on our people.
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The #Somalia Remittance Stakeholder Advisory meeting today in #Washington showed the commitment of our government & partners in ensuring that remittance flows are protected from money laundering & the financing of terrorism. & Financial Reporting Centre doing well.
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Today I participated in the Horn of #Africa Initiative Finance Ministers meeting in the margins of #IMF
Annual meetings in #WashingtonDC . We discussed strengthening resilience & trade cooperation in the region. Grateful to all partners & EU
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As Somalia’s Debt Relief Champion, I’m proud to co-host a Roundtable on Somalia at Annuals. Somalia needs finance to build resilience & move away from recurring humanitarian crises. They continue to make progress on economic reforms, edging ever closer to debt relief.
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I delivered a keynote address alongside the UK Minister for , the top leadership of the IMF, & major creditors during the HIPC roundtable for #Somalia. I shared our national economic track record, outstanding benchmarks & further partnership needs.
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Today I met with Vice President for Eastern & Southern #Africa Victoria Kwakwa & her team on the margins of the Annual meetings in #WashingtonDC. We discussed #somalia's economic reform agenda, growing project pipeline & development financing needs
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Today I met with
Vice President & discussed private sector investment in #Somalia as part of Annual meetings in #WashingtonDC. Our private sector is vibrant & innovative. We are truly committed to improving our investment environment.
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