The Minister of Finance of the Federal Republic of Somalia, H.E. Bihi Iman Egeh, held a strategic meeting with Mr. Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (UNECA), on the sidelines of the 4th UN Conference on Financing for Development.
Somalia and UNECA Discuss Progress in Fiscal Reforms
The high-level discussion focused on Somalia’s progress in fiscal reforms, the implementation of the National Transitional Plan (NTP), and strategies to promote inclusive economic growth.
Minister Egeh highlighted key milestones in Somalia’s reform journey and emphasized the government’s commitment to ensuring that development efforts reach communities across all regions.
Strengthening International Cooperation
Somalia and UNECA agreed to deepen bilateral cooperation and explore targeted investment strategies aligned with Somalia’s national development goals.
Mr. Gatete commended Somalia’s reform momentum and reaffirmed UNECA’s support for the country’s economic transformation.
Somalia’s Role in Global Economic Dialogue
Minister Egeh is expected to participate in several ministerial-level sessions during the conference, focusing on regional integration, investment opportunities, and sustainable development.
He will also engage with global leaders and development partners to attract long-term investment into Somalia’s economy.
About the 4th UN Conference on Financing for Development
The 4th UN Conference on Financing for Development (FFD4) is a major global event taking place from June 30 to July 3, 2025, at the FIBES Exhibition and Conference Centre in Seville, Spain.
It’s a high-level platform where world leaders, international organizations, financial institutions, civil society, and private sector stakeholders come together to reshape the global financial system and mobilize resources for sustainable development.
Key Objectives of 4th UN Conference on Financing for Development
- Strengthen international cooperation to address global trade fragmentation and geopolitical tensions.
- Reform the international financial architecture to better serve developing and post-conflict countries.
- Mobilize financing for the Sustainable Development Goals (SDGs), especially in the face of rising debt and global economic uncertainty.
- Promote inclusive investment strategies that support climate resilience, gender equality, and digital transformation.
Conference Highlights
- Plenary sessions featuring heads of state, finance ministers, and UN leaders.
- Multi-stakeholder roundtables on topics like climate finance, digital inclusion, and debt sustainability.
- The International Business Forum, held in parallel, connects public and private sectors to explore investment opportunities in emerging markets.
- The Sevilla Platform for Action, a voluntary commitment framework to track progress on financing pledges.
Why the 4th UN Conference on Financing for Development Matters for Somalia
Somalia’s participation—led by Finance Minister Bihi Iman Egeh—signals its growing engagement in global economic reform. The country is using this platform to:
- Showcase its fiscal reform progress and National Transitional Plan.
- Attract sustainable investment and development partnerships.
- Align with global efforts to build resilient, inclusive economies.
You can explore the full agenda and outcomes on the official FFD4 conference site.
