3rd CBS Annual Economic Conference
Mogadishu, Somalia – 29 August 2025
The Central Bank of Somalia (CBS), in collaboration with national and international partners, successfully convened the 3rd Economic Conference on 29 August 2025 in Mogadishu. This high-level event gathered policymakers, economists, researchers, development partners, and private sector representatives to deliberate on strategies for advancing Somalia’s economic transformation.
Theme:
“Fostering Inclusive Growth and Resilience through Economic Reforms”
Key Highlights:
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Opening Remarks by H.E. Abdirahman Mohamed Abdullahi, Governor of CBS, stressed the critical role of macroeconomic stability and data-driven policymaking in building a resilient Somali economy.
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Panel Sessions addressed key policy areas including:
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Financial sector development and financial inclusion
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Fiscal policy, domestic revenue mobilization, and public investment
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Digital transformation and innovation in economic governance
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Private sector growth and the investment climate
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Research Presentations showcased CBS’s ongoing economic and monetary policy research, with contributions from local and international researchers focusing on inflation control, exchange rate reform, remittance flows, and economic diversification.
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Partner Contributions from the IMF, World Bank, and other international institutions emphasized coordinated reforms and capacity building support for Somalia’s recovery and growth agenda.
Outcomes:
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Stronger consensus on the need to accelerate policy implementation for inclusive and sustainable development.
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Commitments to enhance inter-institutional coordination and data systems for effective policymaking.
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Recommendations for improving access to finance for MSMEs and fostering public-private partnerships.
The 3rd Economic Conference reaffirmed CBS’s strategic role in promoting dialogue, research, and reforms for long-term economic stability in Somalia. The Bank reiterated its pledge to sustain this annual platform as a cornerstone for knowledge-sharing and collaborative economic planning.
