Somalia:Cabinet approves appointment of interim Central Bank Governor
Mareeg.com-Cabinet has today approved Bashir Isse Ali as interim Central Bank Governor. Mr Ali
has previously served as Deputy Governor and Governor of Central Bank of Somalia.
The process to recruit a permanent Governor continues.
His Excellency Prime Minister Abdi Farah Shirdon announcing the appointment, said:
“I am pleased to announce that Mr Bashir Ali has today been appointed as
interim Central Bank Governor. Mr Ali brings with him a track record of reform and
a wealth of knowledge and experience having previously been CEO of the Commercial
Savings Bank of Somalia and served as both Deputy Governor and Governor of the
Central Bank of Somalia.
“After two decades of civil war our financial institutions were not fit for
purpose. Working with our international partners, IMF and World Bank great progress
has already been made in modernising and reforming public finance management and our
financial institutions. It will be up to Mr Ali, alongside our international
partners, to continue to implement the program of reforms that are needed in our