IMF Staff Country Reports

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

Publication Date:

May 31, 2023

Electronic Access:

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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.

Series:

Country Report No. 2023/187

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)

Frequency:

regular