1st NATIONAL ECONOMIC POLICY FORUM
The Federal Government of Somalia established a National Economic Council (NEC) on the 11th of August 2018, chaired by the President of the FGS, and the Prime Minister as alternate together with the Presidents of Federal Member States, the economic sub-committee of Cabinet, the Governor of the Central Bank of Somalia, and five (5) national economic advisors. The five national economic advisor and four international counterparts form a National Economic Advisors (NEA) team. The NEC is manded to improve public policy-making for the realization of national development goals, through policy analysis, economic forecasting, research, and formulation of medium and long-term strategic perspectives for economic and social development.
Upon the establishment of the council, the NEA members started drafting policy papers and conducted the first National Economic Policy Forum (NEPF) on the 13th of November, 2018, for one day in Mogadishu. The forum brought together over 200 participants, including high- level government officials, development partners and representatives from the private sector, civil society, academia, media, and women’s organizations.