IMF Staff Country Reports

Somalia: 2024 Article IV Consultation and Second Review Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

December 17, 2024

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Format: Chicago

International Monetary Fund. Middle East and Central Asia Dept. "Somalia: 2024 Article IV Consultation and Second Review Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia", IMF Staff Country Reports 2024, 346 (2024), accessed December 17, 2024, https://doi.org/10.5089/9798400297090.002

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Summary

Economic activity has picked up in recent months, supported by a rebound in agriculture and remittances, and growth projections for 2024 and 2025 have been upgraded to 4 percent. However, the domestic security situation remains challenging and geopolitical tensions in the Horn of Africa remain elevated.

Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Asset and liability management, Budget planning and preparation, Crime, Debt Relief, Debt service, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Revenue administration

Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), Budget planning and preparation, Debt relief, Debt service, Government debt management

Publication Details

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