Somalia’s Joint Finance Summit concludes in Kismayo

Kismayo (SD) – The president of the Jubaland state Ahmed Madobe has concluded a conference on national financial inclusion in Kismayo, which was held by federal and state finance ministers of Somalia.

Delegates agreed that they should continue to work together on the core of the reform of Somalia’s financial and economic system, paving the way for Somalia to succeed in its debt repayment plan.

Jubaland President Ahmed Madobe and Somali Minister of Finance, Abdirahman Bayle, jointly closed the conference, they noted that the federal government and the governments of member states to make every effort in exempting Somalia’s debts.

It was a surprise for the Somalia politics insiders to see the meeting with its Federal minister hosted by Jubaland state, given their political disputes over the re-election of President Ahmed Madobe.

The US Congress recently voted to forgive debt owned by Somalia, which is seen as a step forward for the reconstruction of the country.

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