Feds and Member States discuss Somalia’s Economy

Mogadishu August 06, 2024(QJ) -The Minister of Finance of the Federal Government of Somalia, Bihi Iman Egeh, today opened the 22nd meeting of the Finance Ministers of the Federal Government of Somalia, the Federal Member States, and the Banadir Regional Administration in Mogadishu.

This meeting aims to discuss issues related to economic development, the financial management system of the country, resource sharing, and tax harmonization, all of which are crucial for Somalia’s economic growth.

Following the opening of the conference, Minister Biixi Iimaan Cige and State Minister Raaxo Maxamuud Janaqoow welcomed participants and listened to the suggestions of the finance ministers from the federal member states. They also addressed questions related to financial development and overall cooperation.

The conference, attended by finance ministers from both the federal and state levels, is expected to conclude tomorrow. Notably, the Finance Minister of Puntland, who was invited, did not attend the meeting.