Nairobi(Mogadishu24)-President of the Federal Government of Somalia, Hassan Sheikh Mohamud held a productive meeting with Dr. Akinwumi Adesina, President of the African Development Bank Group, in Nairobi, Kenya on Thursday evening.
The discussions centered on Somalia’s commitment to implementing economic reforms and the need for increased investment from the African Development Bank (AfDB) to achieve sustainable development and growth.
During the meeting, President Hassan reiterated Somalia’s dedication to embedding robust economic reforms aimed at fostering economic stability and growth. He highlighted the progress made in recent years and outlined the government's ongoing efforts to strengthen key economic institutions, enhance public financial management, and promote inclusive growth.
President Hassan emphasized the critical role of the African Development Bank in supporting Somalia’s development agenda. He urged Dr. Adesina and the AfDB to redouble their efforts and increase investment in Somalia, focusing on areas such as infrastructure development, financial deepening, and capacity building.
The President noted that such investments are essential for achieving long-term sustainable development and improving the living standards of the Somali people.
Dr. Adesina commended President Hassan for his leadership and the Somali government’s commitment to economic reforms. He expressed the African Development Bank's continued support for Somalia’s development initiatives and pledged to explore new opportunities for collaboration and investment.
The meeting in Nairobi marked a significant step in strengthening the partnership between Somalia and the African Development Bank. Both leaders agreed on the importance of continued dialogue and cooperation to address the challenges facing Somalia and to leverage the opportunities for growth and development.
This meeting underscored the Somali Government's determination to drive economic reforms and attract international investment to support its national development plan and long-term vision for economic stability and prosperity.
