This report sets out the strategic priorities the FGC believes the Government and its partners need to address in the coming year to strengthen financial governance and state-building efforts going forward.

The terms of reference for the Financial Governance Program, endorsed by the FGC on April 23, 2014, state that the FGC will "provide advice on existing concessions and contracts the FGS has entered into, applying principles of value for money and good governance with a view to learning lessons and recommending potential remedies where necessary".

The Financial Governance Committee Meeting Summaries in both English and Somali are below: 

Documents

FGC summary of meeting 21 September 2021.pdf 102KB PDF

Hadalqoraalka kulanka oo kooban 21 Sebteembar 2021.pdf 100KB PDF

The Financial Governance Committee Meeting Summaries are below: 

Documents

FGC summary of meeting 28 January 2020.pdf 104KB PDF

FGC summarty of meeting 10 March 2020.pdf 109KB PDF

The Financial Governance Committee Meeting Summaries of 2019 are below:

Documents

FGC summary of meeting 25 June 2019.pdf 115KB PDF

FGC summary of meeting 4 September 2019.pdf 116KB PDF

The Financial Governance Committee Advice on Natural Resource Revenue Sharing are below :-

Documents

FGC Advisory Note - Qoraalka Tala Bixinta Qaybsiga Dakhliga Khayraadka Dabiiciga ah ee FGC.DOCX 53KB DOCX

The Financial Governance Committee Meeting Summaries between 2018-2016 are below: 

The Financial Governance Committee (FGC) was established in early 2014 by mutual agreement between the Federal Government of Somalia (FGS), donors and International Financial Institutions (IFIs) to provide a forum for dialogue and  advice on strategic financial governance issues. Members of the FGC are drawn from Somali institutions and international partners. The FGC is chaired by the Minister of Finance.

This 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. Appropriate financial governance arrangements are central to the development of a viable federal system of government in Somalia, while sound financial governance is essential to successful economic development and the equitable and inclusive distribution of resources.

This roadmap is designed to serve as a living document for strengthening and improving the use of country systems (UCS) in Somalia. It provides background (section 1), articulates agreed commitments for both government and partners (section 2), and elaborates guidance on a few prioritized dimensions of UCS (section 3). The roadmap was developed by the Use of Country Systems (UCS) working group comprised of representatives from the Federal Government of Somalia (FGS) and international partners, including donors, UN agencies and International Financial Institutions (IFIs).