September 21, 2023 – On the sidelines of the 78th session of the United Nations General Assembly (#UNGA78), H.E. Mohamud Abdirahman Beenebeene, Somalia’s Minister of Planning, Investment, and Economic Development, engaged in critical discussions on the post-Heavily Indebted Poor Countries (HIPC) plan and aid architecture. The meeting, held with Nick Dyer, Second Permanent Under-Secretary of the Foreign, Commonwealth & Development Office (FCDO) of the United Kingdom, focused on enhancing mutual accountability between Somalia and the United Kingdom while addressing the urgent needs of the Somali people.
During the meeting, Minister Beenebeene underscored the Federal Government of Somalia’s (FGS) top priorities. He emphasized ongoing stabilisation efforts, climate financing, attracting Foreign Direct Investment (FDI), and harnessing the potential of the blue economy. These priorities reflect the FGS’s commitment to improving the livelihoods of the Somali people, fostering economic growth, and building a sustainable future.
High-Level Dialogue on Financing for Development Emphasizes Need for International Financial Reforms
Speaking at a high-level dialogue on financing for development during #UNGA78, Minister Beenebeene highlighted the need for fundamental reforms in the international financial architecture. These reforms, he argued, are essential to achieving the Sustainable Development Goals (SDGs), strengthening the global financial safety net, and promoting inclusive international tax cooperation and domestic resource mobilization.
Minister Beenebeene’s participation in #UNGA78 is part of the Somalia delegation, led by H.E. Hamza Abdi Barre. The annual high-level General Debate provides a platform for heads of state, governments, and ministers to engage in meaningful discussions about addressing interconnected global challenges and advancing sustainability, peace, and security on a global scale.
The meetings and dialogues held by Somalia’s Minister of Planning, Investment, and Economic Development at #UNGA78 reflect the nation’s dedication to forging partnerships, seeking support, and advocating for reforms that will lead to a brighter and more prosperous future for the Somali people. These discussions hold the potential to shape the direction of international cooperation and financial assistance for Somalia, making significant strides towards sustainable development and economic stability.