IMF Staff Country Reports

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

Publication Date:

December 18, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

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.

Series:

Country Report No. 2023/424

Subject:

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

Frequency:

regular