The FGC has today released its first Financial Governance Report. The report sets out the financial governance priorities the FGC believes need to be addressed in the coming year to strengthen state building efforts going forward.

The FGC’s advisory scope encompasses Central Bank governance, asset recovery, public procurement and concessions, public financial management reforms, the protection of public property, and fiscal federalism. Since its inception in 2014, the FGC has published periodic progress reports, prepared assessments of individual Government contracts and produced Advisory Notes on specific topics such as security sector reform, natural resource revenue management, property and asset management and the Public Financial Management Bill. Many of these documents are shared on the Ministry of Finance’s website. The Financial Governance Report brings together the FGC’s insights across this range of issues into a single overarching report.

Following extensive drafting and discussion, the report was signed off by the then Chair of the FGC, Minister of Finance H.E. Mohamed Aden ‘Farkeeti’, during the FGC’s 21st meeting Mogadishu on 2nd March. The FGC’s international delegates presented it to the incoming Chair of the FGC and new Minister of Finance H.E. Abdirahman Beileh Duale in Mogadishu on 2nd April, in advance of its release.