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Economic Development Department

About Economic Development Department

The Economic Development Department (EcoDev) was created in January 2021 to strategically build and strengthen coordination for economic development efforts in Somalia towards a sustainable pathway to economic growth and poverty reduction. The goal is to (a) support FMS ministries of planning to develop state strategic plans in line with NDP9 priorities, (b) translate these regional plans into actionable policy interventions for investments, (c) empower FMS ministries planning through a capacity building programme intended to strengthen analytical capability for effective policy development and implementation, and (d) work closely with existing structures for coordinating economic recovery and resilience in order to ensure that milestones and targets for transitioning of overseas development assistance are agreed upon and observed across various sectors of the economy.

The Unit is broadly mandated to accelerate economic development to reduce poverty and build stability; develop macroeconomic framework and economic outlooks; undertake policy research and poverty analysis; through coordinating, creating, integrating, and strengthening frameworks and policies regarding the country’s economic spaces.

Economic Development Sections

The Economic Development Department sections is composed Two as indicated below.

Economic Policy Coordination Section

Economic Pillar (NDP) Section

Vision
and Mission

Vision

Establish a unified economic development agenda through coordination, coherency, and efficacy to reach equitable economic growth and the eradication of poverty in Somalia

Mission

Take a strong coordinating role in Somalia to create inclusive development policies and strategies that facilitate sustainable economic growth across priority sectors.

Main Objectives

Build meaningful connections

REGISTRATION DEADLINE

The registration of the Somalia International Investment Conference (#SIICO22) will be closed on Friday, 25th November 2022. Please register beforehand to avoid inconvenience.