Somalia takes part in the discussion of Economic Integration of East Africa

Finance Ministers of Ethiopia, Djibouti, Eritrea, Kenya, and Somalia met today in Djibouti to discuss policy directives that seek to foster economic integration and regional cooperation in the Horn of Africa.

Somali Finance Minister, Abdirahman Duale Beileh is in Djibouti to attend to discuss policy directives that seek to foster economic integration and regional cooperation in the Horn of Africa.

In the two-day meeting, the ministers will evaluate the joint trade and investment activities undertaken since the five countries came together to launch the Horn of Africa Initiative last year.

After considering the global experiences in regional integration, the countries will discuss ways to search sources of finance for the $15 billion required to foster cooperation.

In today’s session, they evaluated the progress made in the implementation of the deals signed in transport, power and digital infrastructures as encouraging,.

The five countries launched the Horn of Africa Initiative last year during the World Bank Group / the International Monetary Fund (IMF) annual meetings held in Washington DC.

They agreed to take forward discussions on fostering economic integration and regional cooperation, with the support of the European Union, the African Development Bank, and the World Bank.

They evaluated the progress made in the implementation of the deals signed in transport, power and digital infrastructures as encouraging.

During his stay in Djibouti, the minister is also expected to meet officials from the Djibouti government.