Somali Finance Minister Highlights Reform Gains at AfDB Meetings in Congo

Mogadishu(SONNA)-Somalia’s Minister of Finance Bihi Iman Egeh on Wednesday participated in the plenary session of African finance ministers held during the Annual Meetings of the African Development Bank Group in Brazzaville, Republic of Congo.

The meeting brought together governors and finance ministers from across the continent to discuss the bank’s operations, financial performance, future investment strategies, and the 17th replenishment of the African Development Fund (ADF-17).

During the session, each participating country presented its priority financing plans and development agendas.

Minister Bihi delivered a speech highlighting the financial progress achieved by the Federal Government of Somalia, particularly in economic reforms, domestic revenue generation, and strengthening the country’s public financial management systems.

He also emphasized the importance of increasing development financing support for Somalia to accelerate priority projects aimed at improving infrastructure, expanding social services, and creating economic opportunities for Somali citizens.

The African Development Bank annual meetings serve as a key platform for African leaders and financial institutions to discuss regional economic growth, investment, and development cooperation.