National Economic Council (NEC)
@NEC_Somalia
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Welcome to the Official Account of the National Economic Council of Somalia.
Somalia
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The National Economic Council of Somalia is excited to announce the Inaugural Event for the Growth and Economic Transformation Strategy (GETS) in Somalia
Stay tuned for more!
#GETS_Inauguration
#NEC
#Mogadishu
#Somalia
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“I believe that economic transformation begins and ends with the community, but if the community is unaware of the economic reforms taking place, they will be unable to participate effectively.”
@DrHodanOsman
#GETS_Inauguration
#NEC
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The National Economic Council (NEC) has today held the kick-off meeting of the Inter-Ministerial Steering Committee for the Growth and Economic Transformation Strategy (GETS) with the purpose of supporting the preparation process of the GETS Vision by NEC.
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1/2
Watch President Dr.
@HassanSMohamud
’s remarks on Centennial Vision 2060, a blueprint for the country's development that aims to create a beautiful and prosperous Somalia for generations to come.
9
23
81
Our Executive Director Dr. Ali Issa has today attended this year's
@MogTechSummit
and participated in a panel discussion on the "Investment Landscape in Somalia: Opportunities and Challenges".
#MTS2021
1
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77
If you missed the National Economic Council of Somalia's Inaugural Event of Growth and Economic Transformation Strategy (GETS), you can watch a short video here highlighting the key moments.
#GETSInauguration
3
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77
Save the dates for the 5th National Economic Policy Forum organized by the NEC to present ten (10) studies under the GETS for discussion by senior policy makers, Govt officials, field experts, as well as representatives of the civil society, private sector & development partners.
1
21
69
Dr. Ali Isse, Executive Director of the National Economic Council (NEC) of Somalia, paid a courtesy visit to the Prime Minister of the Federal Government of Somalia H.E
@MohamedHRoble
.
7
13
67
We are excited to release our inaugural State of the Economy Report (SER) on the eve of our debt relief milestone. The report provides a comprehensive analyses of Somalia's economic trends and growth indicators.
Learn more about the report.
1
27
63
The NEC is pleased to be hosting the 6th National Economic Policy Forum (NEPF) in Mogadishu, Somalia, on November 27–28, 2023. The NEPF will focus on launching the development process for Centennial Vision 2060.
Let us envision and work together for a prosperous Somalia.
Join us.
1
13
59
Our own member & distinguished professor, Dr. Hussein Warsame, will join the Forum for Ideas hosted by
@HIPSINSTITUTE
in collaboration with
@WorldBank
. Dr. Hussein will participate in a panel discussion on "Somalia Country: Economic Memorandum: Towards an Inclusive Job Agenda."
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We would like to take this moment to thank
@HodoMure
, the Master of the Ceremony, for successfully managing the Inauguration Event for the Growth and Economic Transformation Strategy (GETS).
#GETS_Inaugration
#NEC
1
8
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Session 2 on Trade & Economic Infrastructure Devt. started with a presentation by
@DrHodanIsse1
followed by a panel discussion chaired by
@AliOmarMP
. Session panelists, among others, Finance Deputy Minister, Dr. Abdullahi Sheikh & Mr. Asad Yusuf, DG
@MoPIED_Somalia
.
#NEPF2022
1
15
55
2/2: The 6th NEC Forum is officially open, featuring key ministries &representatives from diverse sectors. H.E.
@HassanSMohamud
the President of the Federal Republic of Somalia, sets the stage as the keynote speaker, emphasizing the significance of the Centennial Vision 2060.
2
17
51
The Minister of
@MoECC_Somalia
, H.E.
@KhadijaMakhzumi
,will speak at the 6th National Economic Policy Forum, which will be held on November 27-28, 2023, in Mogadishu.The theme of this year's forum is "Launching of the Centennial Vision 2060 Development Process".
#CV2060
#6thNEPF
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We are pleased to invite you to a town-hall event bringing together the leadership of NEC, the youth and experts following the successful launch of the CV2060 Development Process.
The focus of this event is, “the Somalia we want by 2060”.
Venue: Astaan Tower
Dec 9, 2023
6:30 PM
3
16
49
Watch the following highlights video on the National Economic Council’s recent Retreat & Study Tour in Kigali, Rwanda. 👇🏾
1
14
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The National Economic Advisors of the NEC had a productive meeting, assessing ongoing programs and exploring strategies to accelerate planned activities, including the formulation of Centennial
#Vision2060
as instructed by H.E President
@HassanSMohamud
.
1
7
47
The National Economic Council of
#Somalia
has today held a consultation meeting with representatives from academia, research institutions and gender & human rights advocates to brief them about the Growth & Economic Transformation Strategy (GETS) which was recently inaugurated.
3
13
45
The National Economic Council (NEC) has commenced a week-long study tour in Kigali, Rwanda, bringing together National Economic Advisors & NEC staff. The delegation has today visited
@Cooperation_RW
to gain insights from Rwanda's post-conflict economic development experience.
1
12
47
The vision lays out a national transformation blueprint that sets the roadmap towards the country’s development aspirations for the coming 38 years.👇🏾
2
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The 3rd Session of
#NEPF2022
focused on the “Domestic Revenue Mobilization & Institutional Development,” where panelists deliberated on ways to achieve effective domestic revenue administration & harmonization in 🇸🇴, calling for the establishment of a Federal Revenue Authority.
0
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46
The 5th National Economic Policy Forum on GETS officially kicks off in
#Mogadishu
. The Forum brought together senior FGS & FMS officials, academia, civil society & representatives from the international partners to discuss & review the findings of the GETS reports .
#NEPF2022
0
11
45
“A stable environment as well as a financial strategy and strong regulatory/ legal framework is needed to implement growth and development in Somalia” Abdulkadir Mohamed Adan, DG of
@MoPIED_Somalia
#GETS_Inauguration
#NEC
1
8
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We are delighted to announce that our Executive Director, Dr. Ali Isse, will be joining the second day of "Public Sector Good Governance Conference" organized by
@oagsomalia
as a Keynote Speaker & Panelist. The conference will be taking place at Mogadishu's Decale Hotel.
1
11
41
The National Economic Council of Somalia has disseminated printed copies of its Policy Briefs at the sidelines of the Public Sector Good Governance Conference. We commend
@oagsomalia
for the opportunity to showcase some of our relevant studies at this crucial & timely conference.
0
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Panel 1/2: which included Dr.
@AbdulnuurSheikh
, Dr.
@ElmiNur4
, Dr.
@DrHodanOsman
and Dr.
@Dahirhasan
, discussed strategies for promoting a positive growth mindset in Somalia. The panel, moderated by Dr.
@MustafeMoh
, explored ways to embrace challenges.
#CV2060
#6thNEPF
4
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39
We are delighted to announce the outstanding panelists for the forthcoming panel 2 discussion on the Conceptual Framework for the CV 2060. Panelists will share their invaluable expertise in shaping the future.Together, Let's pave the way towards a brighter future for Somalia.
3
16
39
Dr.
@mohamedosmansom
, a member of the National Economic Advisors, participated in the
#GreatGreenWall
's 7th SC Meeting and delivered a powerful keynote speech. He praised the new 10-year strategy and called for an inclusive implementation framework.
0
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On the eve of the 23rd Ordinary Summit of the EAC Heads of State, the National Economic Council (NEC) has released a working paper assessing the viability of Somalia’s integration into the East African Community (EAC).
Check out the full study to learn
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1/3: Today NEC is launching the 6th National Economic Policy Forum in 🇸🇴! Over the next two days, leaders from Somalia key gov institutions, along with development partners and scholars, will converge to discuss the Centennial Vision 2060 Developed by NEC.
#CV2060
1
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44
We are delighted to announce the outstanding panelists for the forthcoming panel one discussion on "Why CV 2060 for Somalia?"
Panelists will share their invaluable expertise in shaping the future.
Together, Let's pave the way towards a brighter future for Somalia.
#CV2060
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NEC, in partnership with the African Centre for Economic Transformation and Office of the World Bank's Chief Economist, is hiring Economic Planning Specialist and Senior Economist.
If interested, kindly apply:
0
8
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1/2
The Minister of
@MoPIED_Somalia
,
@HonBeenebeene
, along with
@HassanAHosow
, the Executive Director of the NEC and Chief Economic Advisor to the President, have today met with Connie Hamilton, Assistant US Trade Representative for Africa in Washington, D.C.
2
13
37
Dr.
@MohamedOsmanSom
, a member of the National Economic Advisors of NEC, moderated the panel on the "Future of Finance: Access to Regional and International Markets" at the Somali Banking and Finance Conference organized by the Somali Bankers Association.
@somalibankers
0
5
34
In his latest address to the nation, President Dr.
@HassanSMohamud
outlined, among other pressing priorities, the recent progress that Somalia made on the economic recovery front and laid out the country’s forward-looking centennial development blueprint: “Vision 2060”. 👇🏾
1
10
34
1/2
The Executive Director of the National Economic Council and Cheif Economic Advisor to the President,
@HassanAHosow
, recently participated in the Somali Banking and Finance Conference, organized by the Somali Bankers Association.
0
7
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#GETS
aims at replacing subsistence farming by modern commercial agriculture & livestock systems. These involve recognizing the development challenges 🇸🇴 is facing, such as insecurity, weak institutions, gap in technical knowledge, climate change & persistent gender inequalities.
0
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Special Representative of the UN Secretary-Genaral for Somalia
@CatrionaLaing1
will speak at the 6th Economic Policy Forum Conference focusing on the launching of the Centennial Vision 2060 Development Process to be held on 27-28 November 2023
#Cv2060
#6thNEPF
2
7
32
1/2: Now underway: The first panel discussion explores the essence of a national vision, drawing insights from global development strategies. Panelists include Hon. Abdiqafar Hange, Hon. Dr. Abdisalam Omer Hadliye, Dr. Abdirahman M Abdi Hashi, Amina Rwakunda, and Ahmed Abdiwahab.
2
12
31
Day 2 of the 5th National Economic Policy Forum on GETS starts with a session on adopting policies to promote agricultural production, diversification of high-value crops, and modern livestock management, to support recovery and growth sustainability.
#NEPF2022
0
9
31
“Somalia is on borrowed time due to years of conflicts and even though things are looking better we must ensure the cycle ends” Dr. Hodan Isse
#NEC
#GETS_Inauguration
0
5
30
“To cut costs while improving the quality and reliability of services, Somalia needs to rebuild economic infrastructure in the areas of telecommunications, energy, water, and transportation.” Hon Abdi Sheikh,
@MoCTSomalia
#GETS_Inauguration
#NEC
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7
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1/3
Prime Minister H.E. Hamza Abdi Barre chaired a meeting to discuss an Advisory Note on the country’s short-medium-term post-HIPC policy priorities.
1
7
30
A delegation from the National Economic Council (NEC) of Somalia led by the Executive Director, Dr. Ali Isse, held a meeting with the Presidency officials headed by the Chief of Staff of the Office of the President, H.E Mohamed Abdullahi Isse.
1
7
28
Honorable MPs from the House of the People's Committee on Budget, Finance, Planning, International Cooperation & Institutional Oversight, led by the Chairman Hon. Mohamed Farah Nur were received by Dr. Ali issa, NEC Executive Director, along with other NEC officials.
1
6
28
Day 1 of the 5th National Economic Policy Forum was wrapped-up with a Session on Access to Finance & Financial Inclusion. Discussions highlighted the state of the financial sector, access to finance & financial inclusion for sustained development. See you all tomorrow!
#NEPF2022
0
5
26
Exciting news!
Don't miss the launching ceremony of the CV2060 Development Process in Mogadishu on Nov. 27–28
Join us as we unveil the CV2060 Development Process.
Watch the event announcement clip by the ED of the NEC,Dr. Hassan Hosow.
Mark your calendars & stay tuned!
#CV2060
2
14
28
Dr. Ali Issa, Executive Director of NEC, delivered a keynote speech at the day 2 of Public Sector Good Governance Conference organized by
@oagsomalia
, highlighting the state of good governance in
#Somalia
and how technology can be leveraged to promote good governance practices.
0
11
27
1/2 The Executive Director of the National Economic Council (NEC), Chief Economic Advisor to the President,
Dr.
@HassanAHosow
, along with the National Economic Advisors (NEAs) and senior staff of NEC recieved the Presidential Envoy to
#EAC
H.E
@AbdusalamHOmer
1
3
25
This morning, a delegation from the NEC headed by the Executive Director Dr. Ali Issa & his Deputy Dr. Aues Sheikh, accompanied by
@ProfHusseinWar
&
@sakmohamed196
, had a productive meeting with H.E
@ElmiNur4
of
@MoF_Somalia
, where they discussed ways to strengthen collaboration.
2
8
26
NEC, spearheaded by its Executive Director Dr. Ali Issa, has been engaging with various government institutions to ensure their early participation & involvement in the Growth & Economic Transformation Strategy (GETS) preparation process in terms of providing input & data.
#GETS
0
8
26
The National Economic Council of 🇸🇴 met with representatives from
@UNDPSomalia
lead by Mr. Jocelyn Mason, Resident Representative in 🇸🇴. The discussions b/w the two sides revolved around the Growth & Economic Transformation Strategy as well as prospects for future collaboration.
0
5
25
Hon. Sheikh Adan Mohamed Nur Madoobe,
@AadanMadobe
Speaker of the House of the People, will speak at the 6th National Economic Policy Forum, which is themed on the Launching of the Centennial Vision 2060 Development Process which will be held on November 27–28, 2023, in Mogadishu
1
4
24
“To adapt to climate change and ensure food security, major interventions such as proper research are required to transform current patterns and practices of food production, distribution and consumption.”
@UwaisQerni
, Senior Researcher
@HIPSINSTITUTE
#GETS_Inauguration
#NEC
0
6
25
Mr. Abdihakim M. Yusuf
@Hakiimov
, Chief of Staff
@Villasomalia
will speak at the 6th National Economic Policy Forum focused on the Launching of the Centennial Vision 2060 Development Process, which will be held in Mogadishu on November 27-28, 2023.
#CV2060
#6tNEPF
0
9
25
Somalia's blue economy including off-shore hydrocarbon deposits remain largely untapped in terms of energy sourcing & revenue generation. The commercial exploitation of this sub-sector & the growth of the blue economy is key to national stability & economic transformation.
#GETS
0
12
23
Session three of today’s
#GETS
inauguration is on Sustainable Blue Economy in Somalia.
Our presenters include
@petemiddlebrook
, Pro. Abdullahi Sheikh -
@MoF_Somalia
, Mr.Abdigani Jama & Eng. Karar Shukri
This session will be chaired by Hon.
@EngAbdirashidd
#GETS_Inauguration
0
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1/2
National Economic Council (NEC) is truly grateful to the Cabinet for the resolution endorsing the development of Centennial Vision 2060 as the long-term national development blueprint for the country.
1
7
24
The Minister
@MoPIED_Somalia
H.E.
@HonBeenebeene
, will speak at the 6th National Economic Policy Forum themed on the Launching of the Centennial Vision 2060 Development Process, to be held on November 27–28, 2023, in Mogadishu.
#CV2060
#6thNEPF
0
7
23
Day 2-Our first panel today discussing “Building a Capable State” brings together Mr.Osman Mohamed, Chairman,
@SONSA_NSA
,Omar Faruk, SG
@NUSOJofficial
Mahad Wasuge, ED,
@somalipubagenda
,Dr. Mohamoud Ulusow, former CBS governor, Dr. Shafie Sharif, Managing Director,
@SomaliSra
0
2
23
“Political leaders, policymakers, and change agents in the country need to stimulate and sustain strong economic growth. Academics agree that eliminating impediments to long-term growth should be a top priority.” Hon. Khalif
@mocisom
#GETS_Inauguration
#NEC
0
11
21
The National Economic Advisors held a hybrid meeting on January 25, chaired by
@HassanAHosow
, the Executive Director of NEC and Chief Economic Advisor to the President. They discussed, among others, the governance of NEC, recent developments & the progress on current work-plans.
0
8
22
Dr. Maxamed Cusmaan oo ka tirsan La-taliyayaasha Golaha Dhaqaalaha Qaranka ayaa waraysi siiyay
@BBCSomali
, isaga oo falanqeeyay qodobbadii ka soo baxay Shirweynihii Qaramada Midoobay ee Isbeddelka Cimilada (COP27) oo uu uga qayb-galay magaalada Sharm El-Sheikh ee dalka Masar. 👇🏾
2
7
21
The meeting was officially concluded by Minister
@AmbGamal
, who pledged the necessary facilitation and support of
@MoPIED_Somalia
to GETS, which shall be formulated through an inclusive, Somali-owned process, with outcomes derived from dialogue among all Somali stakeholders.
0
3
21
The key pillars of 🇸🇴’s new
#GETS
vision are on long-term reconstruction, recovery & sustainable development that derive from a comprehensive understanding of the current baseline of the national economy, and from analysis of the country’s development challenges & opportunities.
1
7
20
NEC’s second-day roundtable discussion on building a capable state, a key pillar of the Centennial Vision 2060 is underway at Jazeera Hotel, Mogadishu.
Day 2 brought together leaders from the cvil society organizations, the private sector, academia, and research institutions.
1
6
20
The National Economic Council congratulates the Somali people on the 63rd anniversary of the South and the union of the South-North regions of our country on July 1, 1960.
#1luulyo
0
2
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Dr. Maxamed Cusmaan oo ka tirsan Xubnaha Golaha Dhaqaalaha Qaranka ee dhawaan Madaxweyne Xasan Sheekh magacaabay ayaa waraysi ku saabsan Shirweynaha Isbeddelka Cimilada ee ay soo qabanqaabisay Qaramada Midoobay siiyay BBC.
Qaybtii koowaad ee waraysiga. 👇🏾
2
5
20
H.E
@KhadarGulaid
, Mohamed Amin, Deputy Chief of Staff
@VillaSomalia
, Mr. Haakon Svane, Chargé d’affaires
@NorwayInSomalia
and Dr. Ali Issa, NEC Executive Director, who all spoke at the opening session reiterated the need for a shared commitment towards the GETS.
#NEPF2022
0
7
20
"Somalia Vision for Private Sector Development Report pushes the idea that private sector expansion cannot happen in a vacuum, and instead underscores the importance of improving the foundations for growth".
You can download the full report here:
0
7
21
Read the major outcomes of the 5th National Economic Policy on Growth and Economic Transformation Strategy (GETS) held in Mogadishu on the 20-21 June, 2022.
0
3
19
The National Economic council, congratulates the people of Somalia on the momentous occasion of June 26th that marks the 63rd anniversary of the independence of Somalia's northern regions.
1
4
19
The National Economic Council (NEC) is pleased to hold a roundtable discussion on Building a Capable State on 30th -31st August, 2023 at Jazeera Hotel, Mogadishu, Somalia.
0
8
17
The "Regional Cooperation for Development and Stability in the Horn of Africa" study assesses the benefits and challenges facing the implementation of enhanced regional cooperation for the Development and Stability Partnership (DSP).
Read the full study:
0
8
19
The National Economic Council wishes Ramadan Mubarak to all Somalis and Muslims around the globe! May this holy month bring peace, happiness and prosperity to your lives. Let's come together and celebrate with spirit of compassion, generosity and unity.
#RamadanMubarak
0
4
18
On their part, the representatives from the academia, research institutions as well as gender & human rights advocates assured NEC of their commitment & readiness to constantly participate in the process of preparing & validating GETS which shall be instrumental & transformative.
0
4
19
This report presents the findings of the assessment of the state of corruption in Somalia and the proposed Draft of the National Anticorruption Strategy to fight and prevent corruption.
To read the full report:
#NECStudies
0
6
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Dr. Ali Isse, NEC Executive Director, underscored that the meeting aimed at exchanging views on how these institutions can contribute to the development of GETS in terms of providing input, peer review & validation to the end of producing an ambitious and inclusive strategy.
1
1
18
President Dr. Hassan Sheikh Mohamud has today chaired the first high-level National Economic Council meeting. During the meeting, the Council endorsed "Centennial Vision 2060" as the nation’s development blueprint.
You can read the full communique below.
#Vision2060
👇
0
7
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The meeting, attended by Directors from social & economic line ministries and government agencies, was chaired by Dr. Ali issa, the Executive Director of NEC, who underpinned the need for their continues engagement & commitment to the initiation and finalization process of GETS.
1
7
17
This report is based on a rapid assessment by the NEC of the impact of COVID-19 on the health system & economy of the nation, with the process of undertaking it involving extensive interactions with a cross section of govt officials.
Read the report:
0
8
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