Information in on the activities of the Office, views of the IMF staff, and the relations between Somalia and the IMF.

Somalia and the imf country page

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At a Glance: Somalia's Relations with the IMF

  • Republic of the Somalia joined the Fund in August 31, 1962
  • Financial Position in the Fund

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Videos

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    Office Activities

    • Financial Governance Report

      This report sets out the financial governance priorities the Financial Governance Committee (FGC) believes need to be addressed in the coming year to strengthen state-building efforts going forward.

      May 12, 2017

    • IMF-SOMALIA Trust Fund for Capacity Development

      In the past three years, Somalia has begun to recover from the civil war, which ravaged the country’s economy and decimated key state and economic institutions such as the Ministry of Finance, the Central Bank, and the National Statistics Office...

      December 6, 2016

    • IMF praised at the HLPF for its support to Somalia -- Communiqué

      Representatives from 46 countries and 11 international organisations gathered inIstanbul on 23 and 24 February 2016 to participate in the third Ministerial High‐Level Partnership Forum (HLPF)

      February 24, 2016

    • Somalia is Back! Op-ed

      Oped by Samba Thiam, IMF’s Resident Representative to Somalia

      July 1, 2015

    • Somalia: At the Crossroads of Peril and Opportunity

      Despite very challenging conditions, Somalia has managed to achieve considerable progress since it resumed relations with the Fund in April 2013. Sustained growth and development will require continuous international support and capacity building, but the success of Somalia will ultimately rest on the strength of its people – and this they have in abundance.

      February 2, 2015

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    IMF's Work on Somalia

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    Regional Economic Outlook : Middle East & Central Asia

    April 18, 2024

    An Uneven Recovery amid High Uncertainty

    The Middle East and North Africa and the Caucasus and Central Asia regions are positively impacted by the resilience of the global economy. Lower global commodity prices and vigilant policy responses have helped ease inflation in most countries. However, uncertainty and risks have risen amid ongoing conflicts, shipping disruptions, and reduced oil production. This is leading to an uneven recovery across the Middle East and Central Asia, with growth rates varying this year.

    Policymakers need to ensure economic stability and debt sustainability while navigating geopolitical risks and improving medium-term growth prospects. Amid high uncertainty, it is essential that countries implement reforms to enhance their fundamentals, including by strengthening institutions. Additionally, countries can seize potential economic opportunities amid shifting trade patterns by reducing long-standing trade barriers, diversifying products and markets, and improving infrastructure.


    Read the Report