The Ministry of Planning was established in 1998 as a directorate and Puntland Bank system. In August 2001 the Ministry has been structured and changed the previous name into the Ministry of Planning and International cooperation instead of directorate, in 2003-2005 the Ministry was renamed as the Ministry of Planning and statistics, then in 2006 it was named again as the Ministry of planning and International cooperation.

Mandate
An efficient national institution for sustained and balanced socio-economic growth and development through sound planning, program monitoring, strategic cooperation and partnership

Vision
The vision of MoPIC is to build up its capacity to plan and efficiently facilitate national development for the Puntland people to achieve a well managed and sustainable socio-economic development.

Mission
To play a pivotal role in attaining and sustaining high socio-economic development enhancing partnerships, promoting the effective use of international and national resources.