Somalia Financial Governance Report 2022

[bidenkulaha]

Financial Governance Report 2022 | Ministry of Finance - Somalia

mof.gov.so

 

[bidenkulaha]

Somalia's finance minister acknowledges that the uncertainty created by the delayed elections caused "acute budget pressures" and reform delays. The new administration must continue economic and financial reforms and improve procurement and concession processes.

There is also a risk that the FGS will not have sufficient funding to pay salaries on time.

These delays could push the Completion Point to 2024–25 at the earliest. This would in turn delay the FGS’s renewed access to international finance.