The Ministry of Finance Holds the First Conference for Strengthening the Macroeconomic Working Group in Mogadishu

Mogadishu – The Director General of the Ministry of Finance of the Federal Government of Somalia, Dr. Saleebaan Sheekh Cumar, today opened the First Conference on Strengthening the Macroeconomic Working Group in Mogadishu, which was organized by the Ministry of Finance.

The conference was attended by the four key institutions essential for the collection, preparation, and analysis of the country's economic data, namely the Ministry of Finance, the Ministry of Planning, the Central Bank of Somalia, and the National Statistics Agency.

The meeting focused on strengthening cooperation and coordination among economic institutions, unifying data and reports related to the country's economy, and implementing common macroeconomic assumptions.

Additionally, the conference discussed the importance of institutions sharing reliable data in a timely manner, to ensure that there is a dependable economic analysis and forecasting, which can serve as a basis for formulating economic policies and planning for the country's development.

Strengthening the Macroeconomic Working Group is seen as an important step in improving the national economic data system and enhancing cooperation among government institutions involved in economic management and planning.

This conference is also crucial for supporting decision-making in financial and overall economic policies, by unifying the data and forecasts that various institutions base their development plans on.