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Projects initiatives

Our ongoing and completed research projects advancing public finance, economic development, and governance in Somalia.

Portfolio

3 research projects

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3 of 3 results

Status

Completed

Capacity Building Program for Macroeconomics Working Group (2023-2024)

The Capacity Building Program for the Macroeconomics Working Group, launched in 2023, represents a cornerstone of IPF’s efforts to enhance macroeconomic planning and fiscal management in Somalia. This program, which spans across 2023 and 2024, is focused on strengthening the skills and capabilities of macro-fiscal departments within both the Federal Government of Somalia (FGS) and its Federal Member States (FMS). The primary objective is to equip policymakers and financial managers with the tools necessary to engage in effective macroeconomic analysis, forecasting, and budgeting. By participating in a series of workshops, training sessions, and technical assistance initiatives, officials from both the federal and state levels will develop a deeper understanding of macroeconomic principles, allowing them to make more informed fiscal policy decisions. This program is expected to contribute to the long-term economic stability and sustainable growth of Somalia by promoting sound fiscal governance practices.

October 12, 2024Full report

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Completed

Unified Chart of Accounts and Standardized Budget Process (2023)

In 2023, IPF began working on the Development and Implementation of a Unified Chart of Accounts (COA) and a Standardized Annual Budget Process for the Banadir Regional Administration. This project is essential to creating a more coherent financial management framework across different government entities within the region. By implementing a unified Chart of Accounts, IPF is helping to standardize the classification of financial information, which will allow for better financial reporting, easier comparison of fiscal data across departments, and enhanced budget transparency. Additionally, the standardized budget process ensures that all government departments follow the same guidelines when preparing and submitting their annual budgets. This project is aimed at increasing efficiency, reducing errors in financial reporting, and ultimately fostering a more transparent and accountable fiscal environment for Banadir Region.

October 12, 2024Full report

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Completed

Recent and Past Projects of the Institute of Public Finance of Somalia

The Institute of Public Finance of Somalia (IPF) has played a crucial role in strengthening fiscal governance, enhancing financial transparency, and building institutional capacity across various levels of government. Since 2015, IPF has spearheaded numerous initiatives, including domestic revenue mobilization programs, public financial management (PFM) reforms, and tax administration improvements in multiple Somali states such as Jubbaland, Hirshabelle, and Galmudug. The institute has conducted extensive capacity-building programs, such as training government officials on financial management systems (FMIS), expenditure tracking, and macroeconomic analysis. Additionally, IPF has collaborated with international organizations like UNOCHA to provide third-party monitoring and institutional risk assessments, ensuring accountability and efficiency in financial operations. The institute’s efforts extend to fiscal decentralization, climate-sensitive budgeting, and public sector reforms, contributing to Somalia’s long-term economic stability. Through targeted assessments, policy development, and training programs, IPF continues to shape Somalia’s financial landscape by promoting responsible governance and sustainable economic policies.

March 13, 2026·Client: MohamudFull report

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