Somali National Economic Council Launched

234
2790

MOGADISHU (RBB) – The Government has officially launched the National Economic Council, which was established by a presidential decree on July 12, 2018.

The Council was set up as an advisory council that supports the President and the government on management of pertinent economic policy matters, as well as provides economic analysis and policy advice on the development and implementation of domestic and international economic policy issues.

Chaired by the President, the Council will comprise the Economic Subcommittee of the Cabinet, Central Bank, leaders of the federal member states, and five other independent members of proven professional expertise in economics, public finance management, and transparency and integrity issues. The council will provide quarterly reports on its progress.

Speaking at the launch today, Prime Minister Hassan Ali Khaire, said the Council is not “another layer of bureaucracy,” adding that it is meant to signal that the Government is committed to the principles of sound economic and financial management, undertake effective reforms, and strengthen the government’s capacity to formulate and execute its economic programs and plans with the highest commitment and seriousness to improve the welfare of the general public and the most vulnerable people in particular.

Mr. Khaire explained that the establishment of the Council forms part of the Government’s drive of bolstering economic growth and transparency and creating jobs for Somalis. He further noted that the mission of this Council is to build local and international support for the country’s economic agenda. “It will develop the initiatives that we will be held accountable for, to raise public awareness and public attention on economic growth and to assist in the process of bringing to the attention of the Government where there are obstacles so that we can help remove,” he added.

The establishment of this Council comes at a time when the government has implemented a number of economic and financial reforms that helped the Government domestically generate record income, streamline and sustain civil servants and armed forces salaries payment, among other achievements in the financial sector

XIGASHO :HOL

234 COMMENTS

  1. Whoa! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors!

  2. Howdy! This blog post could not be written any better! Looking through this article reminds me of my previous roommate! He always kept preaching about this. I most certainly will forward this post to him. Fairly certain he’ll have a great read. Thank you for sharing!

  3. Have you ever thought about writing an ebook or guest authoring on other websites? I have a blog based upon on the same information you discuss and would love to have you share some stories/information. I know my visitors would value your work. If you are even remotely interested, feel free to send me an email.

  4. Good post. I learn something totally new and challenging on websites I stumbleupon on a daily basis. It’s always useful to read through articles from other authors and use a little something from other sites.

  5. When I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and from now on every time a comment is added I get four emails with the same comment. Is there a means you can remove me from that service? Thanks a lot!

  6. Right here is the right website for everyone who wants to find out about this topic. You know a whole lot its almost hard to argue with you (not that I actually will need to…HaHa). You certainly put a brand new spin on a topic that’s been written about for decades. Excellent stuff, just excellent!

  7. A fascinating discussion is definitely worth comment. I do think that you ought to write more about this subject, it might not be a taboo subject but typically people don’t speak about these topics. To the next! All the best!!

  8. Nice post. I learn something totally new and challenging on sites I stumbleupon everyday. It will always be exciting to read content from other writers and use a little something from other websites.

  9. Hi, I do believe this is an excellent web site. I stumbledupon it 😉 I am going to come back once again since i have bookmarked it. Money and freedom is the best way to change, may you be rich and continue to guide other people.

  10. The very next time I read a blog, I hope that it doesn’t disappoint me just as much as this particular one. After all, Yes, it was my choice to read through, however I truly thought you would probably have something interesting to talk about. All I hear is a bunch of whining about something you can fix if you were not too busy searching for attention.

LEAVE A REPLY

Please enter your comment!
Please enter your name here