Skip to main content

Somali News in English | The Somali Digest

Facebook Twitter Instagram Telegram Whatsapp
somali-digest-logo
Menu
  • Top Stories
  • Somalia FMS News
    • Galmudug News
    • Hirshabelle News
    • Jubaland News
    • Puntland News
    • Southwest Somalia News
    • Somaliland News
    • SSC Somalia News
  • Somalia Politics News
    • Economy & Development
    • Education & Youth
    • Health & Environment
    • Society & Culture
  • Somalia Security News
Home Somalia Politics News Economy & Development

Economic meeting launched in Mogadishu, Puntland not invited

Editor by Editor
August 14, 2023
in Economy & Development, Features, Puntland News, Somalia FMS News, Somalia Politics News
1
Somali finance minister Bihi Imaan Egeh, whose federal budget depends on foreign grants for most of its resources
21
SHARES
141
VIEWS
Share on FacebookShare on Twitter

An economic meeting has been launched in Mogadishu, with Puntland not invited. Somalia’s Finance Ministry has launched the pivotal conference involving representatives from the Federal Government of Somalia (FGS), Banadir Regional Administration (BRA) and Federal Member States (FMS).

Mogadishu, SOMALIA. By Dalmar: 

The two-day meeting on intergovernmental fiscal federalism commenced yesterday in Mogadishu, and its agenda spans diverse topics. Among these are the tax unification law, financial reform, and the fulfilment of debt relief prerequisites. The participants also plan to discuss development projects supported by foreign donors and other financial grants.

The Minister of Finance, Mr Bihi Iman Egeh, and his colleague Mrs Raho Mohamud Janaqow, the State Minister of Finance, delivered the conference’s opening remarks. Notably, Puntland representatives were absent from the guest list.

Puntland not invited

Concerningly, the Ministry of Finance of the Puntland government, an entity pivotal for Somalia’s debt relief process, received no invitation. This omission, critics argue, reflects the central government’s persistent neglect of varying perspectives and ignorance of Somalia’s (federal) governing system.

Observers emphasize that inclusivity is paramount. All member states, not just those reliant on the FGS, should engage in such matters. Strangely, the Finance Minister tweeted, “Reforming together is key for completing the debt relief process,” which Puntland is indeed an essential part of.

Puntland’s recent criticism of the FGS

The reason for the absence of Puntland’s invitation might be Puntland’s recent criticism of the FGS. Last week, Puntland’s Finance Minister, Mohamed Abdirahman Dhabancad, accused the Somali government of politicizing aid. Mr Dhabancad blamed the central Somali government for obstructing the distribution of international grants and projects. According to him, the obstruction is impeding the region’s overall progress.

Mr Dhabancad pointed out that the federal government’s actions are detrimental to the nation’s growth, as the government wields foreign aid as a political tool. This particularly impacts Puntland, as it jeopardizes the quota assigned to the region to benefit its local populace.

The Puntland Minister emphasized the importance of direct benefits to the people through project contracts, ensuring that revenue and taxes from these initiatives channel back into Puntland. He underlined the advancements made by the financial system and the Central Bank of Puntland, highlighting their readiness to manage international aid and grants efficiently.

Tags: Bihi Egeheconomic developmentMinistry of FinancePuntlandSomalia
Previous Post

My goal is not to return as Puntland’s President, says Deni

Next Post

New defections from Somaliland army reported in Southern Sanaag

Editor

Editor

Next Post
Habar Jeclo forms militia in response to Ga'an Libaah movement

New defections from Somaliland army reported in Southern Sanaag

Please login to join discussion

Latest News

  • All
  • Education & Youth
  • Features
  • Galmudug News
  • Hirshabelle News
  • Kenya
  • Somalia Politics News
  • Rule of Law & Corruption
  • Society & Culture
Defence Minister Ahmed Moalim Fiqi, who accused Somali politicians meeting in Abu Dhabi of learning from Sudan's RSF
ANALYSES

Fiqi Tells Politicians Meeting in Abu Dhabi They Are Learning From Sudan’s RSF

by Jama
October 2, 2026
0

MOGADISHU, SOMALIA – On Thursday 1 October Defence Minister Ahmed Moalim Fiqi accused Somali politicians meeting in Abu Dhabi of...

Read moreDetails
ENDF soldiers serving with AUSSOM in Somalia beside an Ethiopian Air Force transport aircraft during a troop rotation

Ethiopia Plans an ENDF Pullout From Somalia and Mogadishu Says It Was Not Told

October 1, 2026
Bandarbeyla on the Karkaar coast, the district where the MT Eureka crew came ashore at Hulcaanood

Egypt Credits Its Diplomacy as the MT Eureka Crew Comes Ashore at Hulcaanood

September 30, 2026
The tanker Honour 25 at anchor off Puntland, the ship retaken at Dharinbaar after pirates killed five of its crew

Pirates Kill Five of the Honour 25 Crew at Dharinbaar Before Puntland Retakes the Ship

September 30, 2026
The Palau-flagged tanker Honour 25 at anchor off the Somali coast during its captivity, photographed from the air

Puntland Takes Back the Honour 25 Four Days After the Sibu 1

September 29, 2026
The-somali-digest-logo2

Welcome to The Somali Digest, your premier online source for all things Somali. Our mission is to provide you with the most up-to-date, comprehensive, and insightful news and features regarding Somalia and its diaspora.

Important Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Newsletter

Useful Link

  • About Us
  • Contact Us
  • Privacy Policy
  • Help/FAQ
Facebook Instagram Telegram Whatsapp

©2023 The Somali Digest. All Rights Reserved.

No Result
View All Result
  • Home
    • Home – Layout 1

© 2023 The Somali Digest. All Right Reserved.