publications
IPFS publications
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Foreign-Exchange Leakage, Offshore Consumption, and Capital Flight in Somalia
1. Core Thesis The paper argues that Somalia’s economic fragility is fundamentally a “domestic value-retention problem.” A large share of income generated inside the country is...
Closing Somalia’s Fisheries Governance Gap: A Policy Paper for Marine Biodiversity, Food Security and the Blue Economy
Summary of “Closing Somalia’s Fisheries Governance Gap: A Policy Paper for Marine Biodiversity, Food Security and the Blue Economy” The report, authored by Khalid Mohamed Mohamud and Yusuf Hassan...
Transforming Somalia’s Public Financial Management: Reforms, Federalism, and Economic Resilience
Somalia’s journey to rebuild its public financial management (PFM) system represents one of the most significant pillars of its post-conflict state-building process. After more than two decades...
Public Financial Management Reform in the Banadir Regional Administration
The Banadir Regional Administration (BRA), which governs Mogadishu, has undertaken a significant Public Financial Management (PFM) reform program in a highly fragile, post-conflict environment....
Somalia’s Tax Gap: Why Closing It Matters for the Country’s Future
Somalia’s tax system faces a significant challenge, with a tax-to-GDP ratio of around 3%, one of the lowest globally, highlighting a substantial gap between potential and actual revenues. The tax...
Fiscal Decentralization in Somalia
Executive summary – Fiscal Decentralization in Somalia: Comparative Insights and a Policy Framework for Empowering Local Governance Purpose & scope The paper reviews Somalia’s emerging...
The economic toll of ponzi scheme in somalia
Objective: The Phonze Scheme is a proposed development framework designed to empower unemployed youths and small-scale traders by providing them with affordable mobile phones and a structured...
Advancing Transparency, Accountability, and Good Governance: IPFS Annual Report 2024
The Institute of Public Finance – Somalia (IPFS) is proud to release its Annual Report 2024, highlighting a year of transformative achievements in advancing public financial management (PFM) and...
Assessing VAT Implementation in Mogadishu – Legal and Socio-Economic Implications
Introduction As part of Somalia’s economic recovery, the government introduced a Value Added Tax (VAT) in Mogadishu to formalize the economy, expand the tax base, and reduce reliance on foreign...