President Hassan Sheikh highlights the remarkable progress Somalia has achieved at African Development Bank Summit

President Hassan Sheikh Mohamud of Somalia highlighted the remarkable progress his country has achieved despite facing multiple challenges. These challenges include security issues and the adverse impacts of climate change, which have been significant hurdles for the nation.

He stressed that Somalia has succeeded in transforming its financial institutions, a development that has led to substantial benefits for the country. These transformations have resulted in debt relief and an increase in domestic revenue, marking a significant milestone in Somalia’s economic journey.

Despite the ongoing challenges, President Hassan Sheikh’s speech at the summit underscored the resilience and determination of the Somalian people. He emphasized the progress made in the face of adversity, highlighting the country’s ability to overcome obstacles and continue its development journey.

The African Development Bank summit, which brought together leaders from across the continent, provided a platform for discussing strategies to improve lives and create new opportunities, with a focus on sustainable development.

Somalia said the summit’s focus on strategies for sustainable development aligns with Somalia’s efforts to build a more robust economic foundation. The country’s progress in transforming its financial institutions, leading to debt relief and increased domestic revenue, is a clear indication of its commitment to this goal.