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Somali Finance Minister Abdirahman Beileh says Somalia planning to Strengthen Public Financial Management
Somali News

Somali Finance Minister Abdirahman Beileh says Somalia planning to Strengthen Public Financial Management

Somalia Federal Government is planning to come up with measures that would strengthen and tighten the public financial management in the country.

The Minister of Finance of the Federal government Dr. Abdirahman Beileh made this announcement to the public while chairing the Financial Governance Committee (FGC), which held its latest meeting on Wednesday, June 22.

Dr. Beileh and other members of the FGC who took part in the virtual meeting came in to consensus that the East African Nation must bolster the management of public finance.

The Financial Governance Committee (FGC) was established in early 2014 by mutual agreement between the Federal Government of Somalia (FGS), donors, and international financial institutions (IFIs) to provide a forum for dialogue on strategic financial governance issues.

The role of the FGC is among other things issue regular reports on financial governance challenges and progress, strengthen financial transpacy and Provide direct policy and technical advice.

The members of FGC include; Ministry of Finance (Chair), Governor of the Central Bank of Somalia,Representative, Office of the President, Representative, Office of the Prime Minister, Solicitor General,Chair of Parliamentary Finance Committee, World Bank delegate, African Development Bank delegate, Donor delegate,IMF observer/adviser.