Author name: NEC

Somalia Vision for Private Sector Development

The paper covers macroeconomic policies and regulations, institutional capacities, and micro aspects and firm levels performance. It pushes the idea that private sector expansion cannot happen in a vacuum, and instead underscores the importance of improving the foundations for growth that are essential for an expansion in private capital.  For example, should the new US$ …

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Assessing the state of corruption and national anti-corruption strategy in Somalia

This report presents the findings of the assessment of the state of corruption in Somalia and the proposed Draft National Anticorruption Strategy to fight and prevent corruption. The goal of the study was to produce an evidence base concerning corruption risks and prevention and mitigation measures to the introduction of anti-corruption measures to fight corruption. …

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Building cooperative fiscal federalism in Somalia

This study, conducted by the National Economic Council (NEC) Advisors (NEA) in association with expert consultants, contributes to a better understanding and promotion of cooperative fiscal federalism in Somalia. The study also aims to provide technical and policy recommendations on all aspects of fiscal federalism, including the development of institutional and legal frameworks essential for …

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Regional cooperation for development and stability in the Horn of Africa

The National Economic Advisors undertook an assessment of Regional Cooperation for Development and Stability for the Horn of Africa (HoA) countries of Djibouti, Eritrea, Ethiopia and Somalia at the behest of the Somali authorities. The principal objectives of the study are to document the current state of economic and social performance of the sub-region, and …

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Assessment of financial integrity institutions in Somalia

Corruption and insecurity are a real concern for Somalia, a country which in most of the past decade including 2017 and 2018 was ranked last out of 180 countries on Corruption Perception Index of Transparency International. Also, most Somali believe that corruption is a serious problem in their daily lives. World-wide experience shows that pervasive …

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