UN General Assembly
2014

the architecture for linking international support to our priorities through the New Deal Somali Compact. We have made major progress in reforming public financial management, putting in place better accountability measures, controls and governance structures. Key legislation has been drafted, budget policy developed and the capacity of the offices of the Accountant General and Auditor General strengthened. An annual budget, developed with the implementation of Government-wide work plans and priorities in mind, has been delivered. A new governor and board of directors have been appointed for the Central Bank of Somalia, which we launched from scratch. A financial governance committee, constituting an advisory body held jointly by the Federal Government and international financial institutions, has been established to provide greater transparency and oversight of financial transactions in Somalia. We can take heart in the fact that distinct progress has been made in moving the country from failed- State status to that of a nascent nation with functioning institutions. Today, in September 2014, I am confidently able to say that, with the support of the Somali people