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NEC concludes Technical Review and Expert Validation Workshop in Nairobi

The National Economic Council (NEC) concluded an intensive three-day Technical Review & Expert Validation Workshop focused on Somalia’s Centennial Vision 2060 at the Trademark Hotel in Nairobi, held from February 10 to 12, 2025. The workshop served as a critical platform for collaboration among key stakeholders, including representatives from the World Bank, the United Nations …

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The Outcomes of Productive Sector Consultation Workshop

The National Economic Council convened a two-day Productive Sector Consultation Workshop on December 25-26, 2024, at the Jazeera Palace Hotel in Mogadishu. Themed “Shaping a Resilient and Sustainable Future for Somalia’s Productive Sector,” this workshop served as a crucial platform for strategic discussions focused on enhancing resilience and sustainability in Somalia’s productive sectors, including agriculture, …

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State of the Economy Report

The National Economic Council is excited to announce the release of the second edition of the State of the Economy Report (SER), offering a detailed analysis of Somalia’s economic trends and growth potential. This year’s report focuses on Advancing Financial Inclusion to Foster Inclusive Economic Growth, examining its critical role in reducing inequality, unlocking opportunities, …

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NEC concludes its 7th National Economic Policy Forum

The 7th National Economic Policy Forum took place at the Jazeera Palace Hotel in Mogadishu on October 14-15, 2024. The event convened a diverse group of leaders, policymakers, and experts to engage in substantive discussions regarding Somalia’s development pathways. Centered around the theme “Somalia’s Development Nexus: Economy, Governance, and Social Empowerment,” the forum provided a …

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ASSESSMENT OF WOMEN’S ECONOMIC PARTICIPATION IN SOMALIA

The Assessment of Women’s Economic Participation in Somalia offers a comprehensive examination of the impediments and prospects for women’s economic engagement in the country. The study identifies and examines a range of systemic challenges that impede women’s full economic participation, including gender-based discrimination, limited access to education and financial resources, and the presence of legal …

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REVITALIZING SOMALIA: EXPLORING DEVELOPMENT PATHWAYS TO 2045 AND BEYOND

The study, entitled “Revitalizing Somalia by Exploring Development Pathways to 2045 and Beyond,” examines the challenges and opportunities facing Somalia as it seeks to stabilize and develop over the next two decades. The study identifies key issues, including governance, human resources, and economic diversification. It notes that, while Somalia has demonstrated resilience and potential for …

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AGRICULTURE AND FOOD SECURITY IN SOMALIA: NAVIGATING CHALLENGES AND SEIZING OPPORTUNITIES

The analysis presented in the report, Agriculture and Food Security in Somalia: Navigating Challenges and Seizing Opportunities, provides an examination of the current state of agriculture and food security in the country, with a particular focus on its pivotal role in Somalia’s national economy and the sustenance of its population. The report outlines the critical …

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NEC ADVISORY NOTE SIX SHORT-TO-MEDIUM TERM POST-HIPC POLICY ACTION PRIORITIES

This advisory note addresses Somalia’s policy priorities in the wake of its attainment of debt relief, a pivotal moment in its trajectory toward economic stability. The study underscores the significance of consolidating the achievements made during the Heavily Indebted Poor Countries (HIPC) Initiative and pursuing reforms that will ensure long-term fiscal and economic stability. The …

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NATIONAL CURRENCY AND EXCHANGE RATE REGIME: THE OPTIONS AND FUTURE PATHWAYS

This study addresses the pivotal issue of establishing a national currency and a functional monetary policy for Somalia, in the wake of decades of reliance on the US dollar and institutional instability. The study assesses the suitability of various monetary policy frameworks and exchange rate regimes, including dollarization and currency boards, in the context of …

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EMPOWERING WOMEN: FUELLING ECONOMIC PROSPERITY

The study examines the pivotal constraints and prospects for women’s economic involvement in Somalia. Despite progress made in economic recovery, gender inequality persists as a substantial obstacle, with Somalia exhibiting a relatively high ranking on the Gender Inequality Index. The study indicates that women’s low literacy rates, restricted access to financial resources, and adherence to …

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