The National Economic Council is excited to announce the release of the third 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 Growth and Adjustment: Repositioning Somalia’s Economy in an Era of Reduced External Aid, examining shifting external aid …
The Federal Republic of Somalia has officially launched Centennial Vision 2060, a long-term national blueprint aimed at transforming the country into a peaceful, inclusive, and middle-income nation by 2060. The Vision outlines strategic goals for sustainable economic growth, human capital development, inclusive governance, and environmental sustainability, positioning Somalia as a regional leader in trade, innovation, …
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, …
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 …
ASSESSMENT OF WOMEN’S ECONOMIC PARTICIPATION IN SOMALIA Read More »
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 …
REVITALIZING SOMALIA: EXPLORING DEVELOPMENT PATHWAYS TO 2045 AND BEYOND Read More »
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 …
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 …
NEC ADVISORY NOTE SIX SHORT-TO-MEDIUM TERM POST-HIPC POLICY ACTION PRIORITIES Read More »
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 …
NATIONAL CURRENCY AND EXCHANGE RATE REGIME: THE OPTIONS AND FUTURE PATHWAYS Read More »
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 …
The “Blue Economy” study illuminates the untapped economic potential of Somalia. The country’s extensive coastline, measuring 3,333 km, endows it with a strategic position in global trade. The study underscores the potential for transforming Somalia’s coastline into a thriving logistics hub, given the country’s diverse resources, including fisheries, oil and gas, and vast opportunities in …
HARNESSING SOMALIA’S BLUE ECONOMY: PATHWAYS TO SUSTAINABLE PROSPERITY Read More »
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