What has the somalia president achieved since in office.
HSM and sheikh done a few like reopen somali to turkey IMF world bank alot of embassy building, Airport and port ungrade.
But what has farmaajo done since then?
he done a few things but would like southern to outline them
farmaajo one year in power almost a year
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SuldaanOfSanaag
- SomaliNet Heavyweight
- Posts: 2204
- Joined: Thu Jun 13, 2013 4:47 pm
Re: farmaajo one year in power almost a year
Three signs of fundamental recovery in Somalia
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Made in Somalia Abyrint
Fundamentals are changing in Somalia. There is steady grind of technical reforms underneath the flow of bad news of turbulent politics, conflict, and terrorism.
The core machinery of the country is being rebuilt.
The outlook is positive.
Bank assets doubled
Banks in Somalia are growing rapidly. The formal banking sector attracts deposits of customers: business and individuals alike. Deposits have grown by 2.4 times since 2015.
This demonstrates return of confidence in formal institutions. There is a better business environment. And importantly, it shows return on investments of early day entrepreneurs, motivating others.
Banks are turning deposits into loans and investments. This enables growth of other business. Financial intermediation is growing indicating a underlying demand for loans. Banks hold more liquidity than they should, but they increasingly find investment opportunities.
There is much upside potential. We estimate the rapid growth to continue until current levels are tripled or quadrupled. At that point, the financial sector would be at levels seen in other frontier post-conflict states. The exponential growth rates should level off. We are now seeing the beginnings.
Growth is supported by a range of factors. Key is continued stability. Investments are in the pipeline. These focus on rebuilding the national financial infrastructure and payments systems. Formalization of assets, identity systems, accounting and audits are also needed.
There are hurdles to overcome. The sector remains vulnerable to a deteriorating security and political situation. Banks and big business in Somalia have interrelated ownership which is a problem if things go sour. And a whole lot remains to rebuild an effective business environment.
Yet, the steady growth seen over the last three years is a sure sign that fundamentals are changing. The sky is the limit. The upside potential far exceeds the downside risks.
Government revenue doubled
Since 2013 we have seen a steady growth of revenue. Government is asserting itself and collecting revenue to fund core services.
This is happening against a contrary trend across Africa of declining revenue and increasing debt. Somalia is a positive outlier.
Reassuringly, domestic revenue has grown steadily. Most is from trade tax. Its share of total is high compared to other countries, indicating that the revenue base is quite narrow.
Introduction of corporate and sales tax is on the horizon. This has been a priority for the last four Ministers of Finance, but yet not realized. The administration that manages to establish a broader tax base will be historical.
While growing steadily, the Federal Government Revenue remains small. It is the smallest government in the world, economically speaking. It presents bigger if we include revenue from the regional governments. With Puntland, Somaliland and the newer states included, the total public sector spending is about 6 percent of GDP. This is about half the size of other post-conflict states.
External international grants have also doubled. This indicates increasing international confidence. About half of the grants are tied to investment and conditional policy programs from the World Bank and others. These are quite predictable. The other half is dependent upon ad-hoc grants, that are very generous, but are less predictable. This results in volatility year-to-year and complicates planning.
The steady underlying growth indicates a state that is reasserting itself. It’s an extraordinary situation, nothing like it in the world, but the steady growth shows a return towards normalcy.
The core government systems are increasingly working. Salary payments are made possible by the rebuilding a range of core systems. These investments have focused on HR, treasury, liquidity management, and bank payment systems.
The solutions are more digitized and integrated than in a typical post-conflict state. Payments are made to bank accounts of civilians, security personnel, and vendors.
These core government systems will support scaling of government services. Current operations are small, focused on core government and security. There is minimal provision of education, health and economic services.
Delivery of broader government services is increasingly a realistic vision. The core systems provides foundations for that, but much reinforcement of capabilities is needed to deliver on a broader policy agenda.
The glass if half full. Public finance management remains a challenge. While civil salaries are delivered in full, there are important difficulties across nearly every other area.
Governments focus is centered around an increasingly ambitious IMF coordinated process. The structural benchmarks are much focused on core government systems. The ultimate aim is debt relief, and as pre-cursors of that, demonstrating steady progress in rebuilding government and regaining financial control.
Things are changing. Developments of this nature would not have been possible without fundamental progress. The nation is being rebuilt.
http://www.abyrint.com/three-signs-of-f ... ign=buffer
206
SharesFacebookLinkedInTwitterGoogle+EmailSumoMe
Made in Somalia Abyrint
Fundamentals are changing in Somalia. There is steady grind of technical reforms underneath the flow of bad news of turbulent politics, conflict, and terrorism.
The core machinery of the country is being rebuilt.
The outlook is positive.
Bank assets doubled
Banks in Somalia are growing rapidly. The formal banking sector attracts deposits of customers: business and individuals alike. Deposits have grown by 2.4 times since 2015.
This demonstrates return of confidence in formal institutions. There is a better business environment. And importantly, it shows return on investments of early day entrepreneurs, motivating others.
Banks are turning deposits into loans and investments. This enables growth of other business. Financial intermediation is growing indicating a underlying demand for loans. Banks hold more liquidity than they should, but they increasingly find investment opportunities.
There is much upside potential. We estimate the rapid growth to continue until current levels are tripled or quadrupled. At that point, the financial sector would be at levels seen in other frontier post-conflict states. The exponential growth rates should level off. We are now seeing the beginnings.
Growth is supported by a range of factors. Key is continued stability. Investments are in the pipeline. These focus on rebuilding the national financial infrastructure and payments systems. Formalization of assets, identity systems, accounting and audits are also needed.
There are hurdles to overcome. The sector remains vulnerable to a deteriorating security and political situation. Banks and big business in Somalia have interrelated ownership which is a problem if things go sour. And a whole lot remains to rebuild an effective business environment.
Yet, the steady growth seen over the last three years is a sure sign that fundamentals are changing. The sky is the limit. The upside potential far exceeds the downside risks.
Government revenue doubled
Since 2013 we have seen a steady growth of revenue. Government is asserting itself and collecting revenue to fund core services.
This is happening against a contrary trend across Africa of declining revenue and increasing debt. Somalia is a positive outlier.
Reassuringly, domestic revenue has grown steadily. Most is from trade tax. Its share of total is high compared to other countries, indicating that the revenue base is quite narrow.
Introduction of corporate and sales tax is on the horizon. This has been a priority for the last four Ministers of Finance, but yet not realized. The administration that manages to establish a broader tax base will be historical.
While growing steadily, the Federal Government Revenue remains small. It is the smallest government in the world, economically speaking. It presents bigger if we include revenue from the regional governments. With Puntland, Somaliland and the newer states included, the total public sector spending is about 6 percent of GDP. This is about half the size of other post-conflict states.
External international grants have also doubled. This indicates increasing international confidence. About half of the grants are tied to investment and conditional policy programs from the World Bank and others. These are quite predictable. The other half is dependent upon ad-hoc grants, that are very generous, but are less predictable. This results in volatility year-to-year and complicates planning.
The steady underlying growth indicates a state that is reasserting itself. It’s an extraordinary situation, nothing like it in the world, but the steady growth shows a return towards normalcy.
The core government systems are increasingly working. Salary payments are made possible by the rebuilding a range of core systems. These investments have focused on HR, treasury, liquidity management, and bank payment systems.
The solutions are more digitized and integrated than in a typical post-conflict state. Payments are made to bank accounts of civilians, security personnel, and vendors.
These core government systems will support scaling of government services. Current operations are small, focused on core government and security. There is minimal provision of education, health and economic services.
Delivery of broader government services is increasingly a realistic vision. The core systems provides foundations for that, but much reinforcement of capabilities is needed to deliver on a broader policy agenda.
The glass if half full. Public finance management remains a challenge. While civil salaries are delivered in full, there are important difficulties across nearly every other area.
Governments focus is centered around an increasingly ambitious IMF coordinated process. The structural benchmarks are much focused on core government systems. The ultimate aim is debt relief, and as pre-cursors of that, demonstrating steady progress in rebuilding government and regaining financial control.
Things are changing. Developments of this nature would not have been possible without fundamental progress. The nation is being rebuilt.
http://www.abyrint.com/three-signs-of-f ... ign=buffer
Re: farmaajo one year in power almost a year
These accomplishments were achieved with near famine conditions, political instability & terrorism. Proves that Somali people work hard & are resilient.
Re: farmaajo one year in power almost a year
al-Shabaab leaders are on the run due to airstrikes & the group is collapsing. US is only country helping Somalia with the troop training to remove the arms embargo.
Re: farmaajo one year in power almost a year
Address by the Prime Minister of the Federal Republic of Somalia, Hassan Ali Khairy, to the Somali nation on the occasion of the New Year and the passage of 300 days since taking office. The Prime Minister spoke about the challenges and obstacles facing the government and how to confront them. He stated his Government's program of work in the coming period.
1. Strengthening security, law enforcement and legislation.
2. Achieving political reconciliation between the different sectors of Somali society.
3. Providing job opportunities for unemployed youth and new graduates.
4. Exploit the wealth of the country in the interest of the homeland and the citizen and achieve self-sufficiency so that we are not dependent or dependent on other countries.
4. Provide an appropriate working environment for traders and trade for the prosperity and recovery of the economy.
5. More attention to the education and health sector and the construction of schools, universities and hospitals.
6. Preserve the dignity of the citizen and the homeland and the citizen's access to all his rights.
7. Fighting financial and administrative corruption.
8. Transparency and disclosure of the state budget. Indeed, the prime minister disclosed the state budget.
Finally, the Prime Minister thanked the Ministry of Finance for its great efforts and commended them.
1. Strengthening security, law enforcement and legislation.
2. Achieving political reconciliation between the different sectors of Somali society.
3. Providing job opportunities for unemployed youth and new graduates.
4. Exploit the wealth of the country in the interest of the homeland and the citizen and achieve self-sufficiency so that we are not dependent or dependent on other countries.
4. Provide an appropriate working environment for traders and trade for the prosperity and recovery of the economy.
5. More attention to the education and health sector and the construction of schools, universities and hospitals.
6. Preserve the dignity of the citizen and the homeland and the citizen's access to all his rights.
7. Fighting financial and administrative corruption.
8. Transparency and disclosure of the state budget. Indeed, the prime minister disclosed the state budget.
Finally, the Prime Minister thanked the Ministry of Finance for its great efforts and commended them.
Re: farmaajo one year in power almost a year
Haters going to hate . Next step is to recognize maakhir state. Gamal is laying the frame work has also brought $5 million to complete ceel dahir to ceerigabo. First cost of National gov in sanaag.
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Mustafee101
- SomaliNet Heavyweight
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- Location: Hangool iyo Gedweyne
Re: farmaajo one year in power almost a year
Why do you care? After all; Somalia is NOT your country!
Stick to your Bucur Bacayr triangle-land
Stick to your Bucur Bacayr triangle-land
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Adali
- SomaliNet Super
- Posts: 10587
- Joined: Fri Dec 09, 2011 4:04 pm
- Location: Throw me to the hyenas and I will return laughing as the pack leader.
Re: farmaajo one year in power almost a year
well put together list canuck
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Khalid Ali
- SomaliNet Super
- Posts: 32790
- Joined: Mon Oct 18, 2004 11:03 am
- Location: Suldaan Emperior Gacanyarihisa
Re: farmaajo one year in power almost a year
The day ur president and ur tiny marexaan subsubclan stops claiming our land and our people is the day awon't mention you.we wouldn't share a tear if Kenya carpert bombs you or the usa nukesnyou or turns gedo. Into a parkinglot. We simply don't care. Yes we want you to fail. And we will make you fail and the jihad is halal to kill you. For you support au troops you are weak and u will remain weakMustafee101 wrote: Sat Jan 27, 2018 11:19 pm Why do you care? After all; Somalia is NOT your country!
Stick to your Bucur Bacayr triangle-land
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Daneysteyaasha
- Posts: 166
- Joined: Wed May 10, 2017 6:25 pm
Re: farmaajo one year in power almost a year
^damn niggas still salty get over it these crybabies hating on mareexaan bc of Siad Barre.
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