Somaliland

Somaliland:Validation of Public Asset Management Policy

The PFM Coordination Department has organized a one-day validation workshop for Fixed Asset Management Policy on December 29, 2019, at Grand Haadi Hotel Hargeisa.

The one-day workshop event was officially opened by the Minister of Finance Development Hon Dr. Saad Ali Shire who stressed the need to have Asset Management Policy to safeguard public assets, ensure transparency and achieve accountability.

The event was attended by key stakeholders of public asset management including the Ministry of Transport and Roads Development and relevant departments of the Ministry of Finance Development.

The objective of this policy is to facilitate the effective and efficient management, registration, control and safeguard of public fixed assets. The policy stresses full life-cycle management from procurement through maintenance to disposal.

The PFM is designed to improve the government’s capacity and systems to utilize public funds, towards meeting the National Development Plan (NDPII) goals and those of Vision 2030.

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