Attribution of the Ministry
The Ministry of Economy and Finance ensures the development, implementation, monitoring and evaluation of government policy in terms of steering the economy and managing development. It formulates and coordinates the implementation of development policies and strategies.
It is responsible for developing, proposing and implementing, on the basis of the broad guidelines and major balances adopted by the Government, the economic strategy of the State in the short, medium and long term.
He is in charge of the Management of the State Portfolio and exercises the supervision of the management of public and parapublic companies.
Jointly with the Ministry of the Budget, it is responsible for monitoring and managing debt as well as monitoring privatization operations of public and parapublic enterprises. The Ministry of Economy and Finance in charge of Industry, prepares the strategic orientations of SCAPE and the 2035 vision.
It is also responsible for developing and implementing, jointly with the Ministry of the Budget, the government’s policy on the mobilization of external financial resources intended for financing development.
It ensures the conduct, coordination and follow-up of the dialogue on national policies and priorities with development partners.
It draws up and monitors the implementation of national regulations on the management of development projects and programs.
In collaboration with the Ministry of the Budget, it negotiates and signs state economic and financial conventions and agreements.
It also ensures the coordination and monitoring of sector policy development projects in close collaboration with the sector ministries concerned.
Jointly with the Ministry under the Presidency, responsible for investments, it monitors the implementation of the national public-private partnership strategy.
It carries out short, medium and long-term economic studies and forecasts as well as monitoring national, regional and international economic conditions.
He is in charge of standardization, centralization and dissemination of tools and statistical data. As such, it develops and implements, in collaboration with the ministries concerned, the national strategy for the collection, processing and dissemination of statistical information.
It develops, implements and monitors the government’s industrial policy as well as legislation and regulations in the area of industry.
It ensures the organization and promotion of small and medium-sized enterprises as well as small and medium-sized SMEs / SMI industries, in collaboration with the ministries concerned.
It exercises, jointly with the budget ministry, the supervision of the General Inspectorate of Finances.
Missions of the Ministry
The Ministry of Economy, Finance in charge of Industry constitutes an essential cog in order to design, develop and implement the organization of the National Economy so that Djiboutians can provide for their basic needs and conduct a healthy living.
To achieve this essential objective, MEFI is formatted to seek resources and acquire them at the lowest cost and direct them towards the sectors deemed to be priorities by the government.
This double mission of providing the country with a modern economy and making resources available makes the minister known as this department is entrusted to the national authorizing officer and therefore the focal point of the technical financial partners and donors.
In this regard, MEFI commits the Republic of Djibouti outside and inside by the delegation of the President of the Republic.
In order to accomplish this double mission of ensuring the emergence of a modern economy, it assumes the heavy and difficult task of valuing state assets and thus bringing to an end the reform of public enterprises which accumulate majority of the state portfolio.
Providing the country with a healthy, attractive banking and financial sector that contributes to economic growth by ensuring effective intermediation is the responsibility of this department, which is responsible for making Djibouti a credible banking and financial center and regional. It is through this channel that the connection with international finance is best achieved.
The MEFI, by the nature of its specific mission, is both the interlocutor of the sectoral departments which are at the heart of the social project of the Head of State and that of external partners.
The condition of success or failure of this mission is in the way of dialoguing with the other departments on their objectives, on their methods so as to define the most advantageous means and resources to invest and improve daily life and believe in the collective future.
Dialogue with the outside world to use the best software that suits the planned needs and reaches the objectives set as soon as possible The other condition for success is in the specific approach of management.
The success of a leader is often explained by the quality of those around him.
The MEFI, by virtue of its highly technical mission, requires its senior manager to form a high-level multidisciplinary team with diverse professional experiences from different backgrounds.
The conductor sets the course and the methodology and instills synergy so that the files and actions launched can see the light of day and be carried out concretely.
It is an approach of debate and permanent reflection which allows the Minister SEM Ilyas MOUSSA DAWALEH to be on several files at the same time in order to carry out successfully the mission which is entrusted to him by the president of the republic.
Departmental Values
The Performance
The agent of the Ministry of Economy and Finance must develop a permanent desire for improvement and progression through the quality of his work.
In this dynamic, he must constantly cultivate the spirit of innovation and search for performance.
Performance strengthens the managerial culture and optimizes management. It is the ultimate result of all individual and collective efforts. These efforts involve doing things the right way, at the right time, at the lowest cost, to produce the right results that meet the needs and expectations of stakeholders.
Rigor
The agent of the Ministry of Economy and Finance must act according to the rules of law, the requirement of integrity and the duty to account. He has the ability to demonstrate organization, method and objectivity in his work.
Rigor determines the climate of ethics established within the staff and occupies a central place in the way of being and making civil servants by promoting the creation of value by the spirit teamwork, facilitation of task execution and professional development of agents.
Professional Consciousness
The agent of the Ministry of Economy and Finance must devote himself to his professional activity on an exclusive basis and be competent. He must fully assume his functions and achieve the objectives set by following training or capacity building sessions in order to adapt to the changing requirements of his work. He must also have initiative, rigor and cultivate excellence.
Communication
The agent for the Ministry of Economy and Finance must have an open mind.
Openness refers to the capacity of the structures and human resources of the Ministry to communicate and generate partnerships, synergy and mutual enrichment. It requires establishing a transparent dialogue in order to meet the legitimate expectations of the authorities, partners and staff. It also allows innovation to be able to provide innovative solutions, ideas or methods.
The Sense of Service
The agent of the Ministry of Economy and Finance must have the will to improve the service so as to preserve the general interest, by showing helpfulness, by ensuring the listening, proximity, flexibility, availability, assistance, responsiveness and the best quality of service that a user is entitled to request.
Equity
The agent of the Ministry of Economy and Finance must show disinterestedness, detachment and neutrality in the accomplishment of his missions.
Equity is also equality of opportunity in access to responsibility. Equity creates a peaceful atmosphere in which each employee finds the reasons for their well-being and personal achievement, works and exchanges their negative stress and reconciles professional and social life.