The Board of Directors of the Republic of Somaliland’s Bank has officially approved the Bank’s Mid-Term Strategic Plan for 2026–2028, marking a significant milestone in the institution’s efforts to strengthen the country’s financial sector and support sustainable economic development.
The meeting, which was attended by the Governor of the Bank, Abdinasir, the Deputy Governor, Hamse, the Director General, Yasin, and members of the Bank’s Board of Directors, culminated in the endorsement of the three-year Strategic Plan, which sets out a comprehensive roadmap focused on enhancing monetary and financial stability, advancing financial sector development, accelerating digital transformation, strengthening institutional capacity, and promoting effective governance across the Bank’s operations.
The approval reflects the Bank’s strategic vision to modernize the financial system by adopting innovative technologies, improving regulatory and supervisory frameworks, and fostering a more resilient and inclusive financial ecosystem capable of meeting the evolving needs of citizens, businesses, and investors.
Speaking on the significance of the decision, the Bank Governor Abdinasir emphasized that the Strategic Plan will guide its priorities and initiatives over the next three years, ensuring greater efficiency, transparency, and accountability while reinforcing confidence in Somaliland’s financial sector.
The Board’s endorsement reaffirms the Bank of Somaliland’s commitment to building a modern, resilient, and inclusive financial system that supports sustainable economic growth, financial inclusion, and long-term prosperity in the Republic of Somaliland.
Implementation of the 2026–2028 Strategic Plan is expected to commence immediately, with the Bank working closely with government institutions, financial sector stakeholders, development partners, and the private sector to achieve its strategic objectives and strengthen Somaliland’s economic future.