Advancing Transparency, Accountability, and Good Governance: IPFS Annual Report 2024

by | Mar 3, 2025

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 public resource management (PRM) reforms across Somalia. The report reflects the Institute’s unwavering commitment to promoting transparency, accountability, and good governance while strengthening institutional capacity and driving systemic reforms.

As Somalia continues on its journey toward sustainable development, IPFS has played a pivotal role in enhancing financial governance, supporting evidence-based policymaking, and fostering collaboration among key stakeholders. The milestones achieved in 2024 are a testament to the Institute’s dedication to building resilient institutions and empowering public officials to manage resources effectively.

2024: A Year of Transformative Impact

The year 2024 marked a period of significant progress for IPFS, with notable achievements across various sectors and regions. Through strategic partnerships, targeted capacity-building initiatives, and innovative programs, the Institute expanded its reach and deepened its impact on Somalia’s governance landscape.

Key Highlights:

  • Completion of Phase I of the BRA-PFM Reform Program: IPFS successfully concluded the first phase of the Banadir Regional Administration Public Financial Management Reform Program, which involved a comprehensive assessment of the BRA’s financial systems, identification of key gaps, and delivery of actionable recommendations to improve governance and accountability.
  • Initiation of Phase II of the BRA-PFM Reform Program: Building on the success of Phase I, IPFS launched the second phase of the program, focusing on modernizing financial systems, developing fiscal policies, and enhancing institutional capacity to promote fiscal discipline and operational efficiency.
  • Capacity-Building Programs: Throughout 2024, IPFS delivered over 500 training sessions to public officials across federal, state, and local institutions. These programs covered critical areas such as public financial management best practices, tax administration, revenue mobilization, and gender-responsive budgeting.
  • Strategic Partnerships: The Institute forged key partnerships with AARC Ltd and VNG International, enabling the delivery of technical assistance, knowledge-sharing platforms, and capacity-building initiatives that strengthened public financial systems across Somalia.
  • Support to Federal Member States: IPFS collaborated with the ministries of finance in Galmudug, Hirshabelle, Jubbaland, and Southwest states to improve PFM frameworks, enhance revenue collection systems, and promote fiscal decentralization.
  • Sectoral Engagement: The Institute supported operational and financial management reforms for the National Health Professionals Council (NHPC) and advocated for climate-sensitive budgeting and green fiscal policies to promote sustainable development.

Research and Knowledge Sharing

Research and evidence-based policymaking remained at the core of IPFS’s work in 2024. The Institute published policy briefs, research papers, and advocacy materials on critical governance and fiscal issues, fostering dialogue and knowledge exchange among Somali institutions. Peer-learning platforms were organized to encourage collaboration and build consensus on key reform priorities.

Strengthening Partnerships

Collaborations with international partners played a vital role in expanding IPFS’s impact. Through its partnerships with AARC Ltd and VNG International, the Institute leveraged global expertise to support PFM reforms, enhance local governance, and promote fiscal decentralization. These partnerships provided technical assistance, training, and strategic guidance that aligned Somalia’s financial systems with international best practices.

Capacity-Building: Empowering Institutions and Individuals

Capacity-building remained at the heart of IPFS’s mission in 2024. The Institute’s training programs equipped public officials with the knowledge and skills needed to drive reforms and improve service delivery. Key capacity-building initiatives included:

  • Training for federal and state ministries of finance on budgeting, expenditure control, and revenue mobilization.
  • Technical assistance to the National Health Professionals Council (NHPC) to enhance financial and operational management capabilities.
  • Workshops on gender-responsive budgeting, climate-sensitive public finance, and digital transformation of financial systems.
  • Peer-learning platforms that fostered collaboration and knowledge exchange among government officials, civil society organizations, and development partners.

Looking Ahead: 2025 and Beyond

As IPFS looks toward 2025, the Institute remains steadfast in its commitment to driving transformative change and promoting sustainable development. Key priorities for the coming year include:

  • Finalizing Phase II of the BRA-PFM Reform Program to institutionalize best practices and strengthen financial governance in the Banadir Regional Administration.
  • Expanding capacity-building programs to reach more public institutions and community-based organizations.
  • Developing climate-sensitive budgeting frameworks and supporting Somalia’s transition to a green economy.
  • Enhancing partnerships with local, regional, and international organizations to promote fiscal decentralization and inclusive governance.
  • Scaling up research and publication efforts to provide evidence-based insights and advocacy materials that inform policymaking and public debate.

Acknowledging Our Partners and Supporters

IPFS’s achievements in 2024 would not have been possible without the invaluable support of its partners, donors, and dedicated team members. We extend our heartfelt gratitude to AARC Ltd, VNG International, the National Health Professionals Council, and the ministries of finance in Galmudug, Hirshabelle, Jubbaland, and Southwest states for their collaboration and unwavering commitment to advancing public financial reforms.

As we embark on the next phase of our journey, we reaffirm our dedication to empowering institutions, strengthening financial systems, and building a future where public resources are managed responsibly, equitably, and transparently.

Read the full IPFS Annual Report 2024 here: Download IPFS Annual Report 2024

For more information, visit our website: www.ipf.so

Together, we are building a more transparent and accountable Somalia.