Somalia Payment Infrastructure Assessment Report: Regional Harmonization of Remittance Policies in IGAD

The payment infrastructure assessment report for Somalia continues the country’s policy diagnostic assessment as part of UNCDF’s wider project with the IGAD Secretariat on harmonizing remittance policies in the Intergovernmental Authority on Development (IGAD) region. The report identifies key policy areas that require attention to enhance remittance flows to Somalia, including the modernization of payment system infrastructures, and provides guidance for future action for both public and private stakeholders to improve the digital ecosystem for increased remittance flows through monitored and regulated digital channels.