Somalia: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria and Indicative Target, and Interim Assistance-Press Release; and Staff Report

May 31, 2023

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Somalia: Fifth Review Under the Extended Credit Facility Arrangement, Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Performance Criteria and Indicative Target, and Interim Assistance-Press Release; and Staff Report, (USA: International Monetary Fund, 2023) accessed December 22, 2024

Summary

Somalia continues to face drought and acute food insecurity in some areas, and the security situation remains tense as the government has stepped up its military advances against Al-Shabab. Despite these significant challenges, the authorities remain committed to the reform effort. Program performance is broadly satisfactory and the HIPC Completion Point (CP) appears achievable by 2023Q4.

Subject: Asset and liability management, Budget planning and preparation, Debt Relief, Debt sustainability analysis, External debt, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Budget planning and preparation, Debt relief, Debt sustainability analysis, ECF arrangement, General government operation, Global, IMF CD support, IMF staff estimate, Policy slippage

Publication Details

Pages:

94
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/187
Stock No:

1SOMEA2023001
ISBN:

9798400242908
ISSN:

1934-7685

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