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

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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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    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 11, 2021

    A year into the coronavirus (COVID-19) pandemic, the race between vaccine and virus entered a new phase in the Middle East and Central Asia region, and the path to recovery in 2021 is expected to be long and divergent. The outlook will vary significantly across countries, depending on the pandemic’s path, vaccine rollouts, underlying fragilities, exposure to tourism and contact-intensive sectors, and policy space and actions. Public gross financing needs in most emerging markets in the region are expected to remain elevated in 2021–22, with downside risks in the event of tighter global financial conditions and/or if fiscal consolidation is delayed due to weaker-than-expected recovery. 2021 will be the year of policies that continue saving lives and livelihoods and promote recovery, while balancing the need for debt sustainability and financial resilience. At the same time, policymakers must not lose sight of the transformational challenges to build forward better and accelerate the creation of more inclusive, resilient, sustainable, and green economies. Regional and international cooperation will be key complements to strong domestic policies.
    Read the Report