Somalia: Staff Report for the Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

December 20, 2023

Preview Citation

Format: Chicago

Somalia: Staff Report for the Sixth Review Under the Extended Credit Facility (ECF) Arrangement and Request for a Three-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia, (USA: International Monetary Fund, 2023) accessed November 23, 2024

Summary

Economic activity is recovering as rains resumed in 2023, and the authorities continue to advance their efforts to rebuild the economy and institutions. However, despite significant progress achieved, Somalia remains fragile, facing challenges from climate shocks, an unsettled security situation as the government advances against Al-Shabab amid the withdrawal of the African Union Transition Mission, and lack of political consensus among all Federal Member States that affects advancement of the federalism agenda.

Subject: Asset and liability management, Debt Relief, Debt service, External debt, International organization, Monetary policy, Public debt, Public financial management (PFM)

Keywords: Debt relief, Debt service, ECF arrangement, ECF program, Global, Government institution, HIPC Completion Point, Somali authorities

Publication Details

Pages:

123
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/438
Stock No:

1SOMEA2023005
ISBN:

9798400261299
ISSN:

1934-7685

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