Compliance Training Programs for Finance Professionals in Somalia Gain Momentum
Effective Public Financial Management Training Takes Hold in Somalia
A groundbreaking training program designed to enhance public financial management and reporting skills among government finance professionals in Somalia has achieved remarkable results. The International Public Financial Management (IPFM) certification, launched by CIPFA International in partnership with a consortium led by WYG, has seen over 120 students pass the qualification.
Key Highlights of the Program
- Unique Training Approach: The program focused on developing financial accounting and management accounting modules to equip civil servants with necessary knowledge and skills.
- Improved Student Outcomes: Following changes to the training approach, including a tutor mentor scheme and additional support for lecturers, the program saw a significant increase in student pass rates from 20% to over 50%.
- Replication in Somaliland: The training approach has been successfully replicated in Somaliland, demonstrating its effectiveness across different regions.
Commitment to Continuous Improvement
Sara Breen, bid and programme manager at CIPFA International, emphasized the organization’s dedication to delivering high-quality training programs. “We’re proud of what we’ve achieved so far and look forward to continuing this work with future cohorts.”
Future Plans for the Program
CIPFA International is now seeking funding to enable students to progress to the next stage of the IPFM qualification, which includes achieving the IPFM diploma and gaining Affiliate membership of CIPFA. This milestone would be a significant achievement for the students, who have demonstrated their commitment to improving public financial management in Somalia.
Building on Success
With continued support, CIPFA International is confident that it can build on this success and make a lasting impact on the region’s capacity to manage its finances effectively.