Somalia: Enhanced Heavily Indebted Poor Countries Initiative-Completion Point Document

December 18, 2023

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Somalia: Enhanced Heavily Indebted Poor Countries Initiative-Completion Point Document, (USA: International Monetary Fund, 2023) accessed November 21, 2024

Summary

Somalia has been rebuilding state institutions and the economy since the end of the devastating civil war, with strong support from the international community. The civil war led to complete state collapse, with tremendous loss of human and physical capital. Since the 2012 Provisional Constitution that created the Federal Government of Somalia (FGS) and the Federal Member States (FMS), Somalia has successfully undertaken three national elections, and Parliamentary and Presidential elections were completed in May 2022. With financial and capacity development support from international partners, Somalia has pursued wide-ranging reforms to help strengthen key economic and financial policy institutions as well as improve governance.

Subject: Arrears, Asset and liability management, Debt Relief, Debt service, Debt service ratios, External debt, International organization, Monetary policy

Keywords: Arrears, Debt relief, Debt service, Debt service ratios, East Africa, Global, HIPC debt relief, IDA portfolio, IMF press release No. 23/437, MDRI debt relief, Middle East and Central Asia, Reconciliation exercise, Reform journey, Somali authorities, Somalia's debt relief process, Southern Africa

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/424
Stock No:

1SOMEA2023004
ISBN:

9798400262180
ISSN:

1934-7685

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