By Jebril Domenico – Mogadishu, Somalia, Saturday, December 7, 2019.
Despite the burdens of many developmental and other challenges, the Somalia of today is a country with ambition, aiming to achieve middle-income status.
Somalia has hosted its third high-level National Economic Policy Forum this week in its capital, Mogadishu, which saw participants discuss a national investment strategy, financial governance, tackling corruption and how to enhance regional economic cooperation with other East African countries.
The forum was hosted by the Deputy Prime Minister of Somalia, Mahdi Mohamed Guled, along with hundreds of senior government officials and policy experts, academics, and change agents from the nonprofit sector who have a stake in growing the economy of Somalia safely and sustainably and improving the well-being of the Region’s citizens.
The forum was organized by the National Economic Council (NEC) which was launched by the country’s President, Mohamed Abdullahi Farmaajo in 2018 to promote quality debates and ideas in the region which are evidence and research-based, National Telegraph has learned.
In key remarks by the Deputy Prime Minister, the forum will advise the government on economic matters based on extensive research and evidence, and also it provides advice and guidance to the government in preparing and implementing effective economic policies and assisting in coordination.
The National Economic Policy Forum is the space for all stakeholders in Somalia – organizations, representatives of governmental and non-governmental institutions, academia, and the private sector, among others to meet, discuss priorities and develop a common vision for Somalia’s Economic future.
“We have established a number of groups and events to help us to shape policy and determine actions to support this ambition,” said the Deputy Prime Minister.