Information in on the activities of the Office, views of the IMF staff, and the relations between Somalia and the IMF.
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
Office Activities
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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
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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
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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
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Oped by Samba Thiam, IMF’s Resident Representative to Somalia
July 1, 2015
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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
IMF's Work on Somalia
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December 17, 2024
Series:Country Report No. 2024/347
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December 17, 2024
Series:Country Report No. 2024/346
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December 10, 2024
• Somalia’s program performance has been strong, demonstrating the authorities’ steadfast commitment to macroeconomic stability and strengthening institutional capacity and frameworks.
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October 31, 2024
A staff team from the International Monetary Fund (IMF), led by Ms. Laura Jaramillo, conducted discussions with the Somali authorities in Istanbul and in Washington DC on the 2024 Article IV consultation and reached a staff-level agreement on the second review of the Extended Credit Facility (ECF) arrangement that was approved by the IMF’s Executive Board in December 2023 (Press Release No. 23/463).
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October 19, 2024
Regional Economic Outlook : Middle East & Central Asia
May 1, 2025
Charting a Path through the Haze
Growth is projected to rise in the Middle East and North Africa in 2025 and 2026, but at a slower pace than anticipated in the October 2024 REO. Across the region, rising trade tensions and policy uncertainty are adding to the impact of conflicts and extended oil production cuts to weaken growth prospects. In the Caucasus and Central Asia, growth has been robust but is set to moderate to a more sustainable pace. Policymakers must adapt to the new environment, prioritizing macroeconomic stability and accelerating structural reforms to seize global opportunities.
Read the Report