This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Somalia and the IMF.

April 13, 2016

Somalia Res Rep and Lagarde Following a meeting with the Somali authorities in Washington, D.C. today, Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), made the following statement: “It has been a great pleasure to discuss Somalia’s reform priorities with Minister of Finance Mohamed Adan Ibrahim, and Central Bank Governor Bashir Issa Ali.

“I congratulated the Somali authorities for reaching an agreement with IMF staff on a Staff-Monitored Program (SMP), marking another milestone in normalizing relations with international financial institutions. I welcome the renewed engagement with the IMF, which will allow us to provide much-needed advice and assistance to continue to rebuild institutions, improve governance and help the reconstruction of the country. More generally, Somalia will also need the continued support of the international community.”

Back to Top

At a Glance: Somalia's Relations with the IMF 

May 2, 2018

Growth is improving in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region and was stronger than expected last year in the Caucasus and Central Asia (CCA) region. However, the regions are not fully benefitting from the stronger global outlook.

In MENAP, the fragile recovery requires further reforms that will help diversify economies, create jobs, and secure resilience.

Meanwhile, the growth momentum in the CCA is temporary, which is why action is needed now to spur private-sector development, so that the region avoids a new reality of low growth.

MENAP Full Text

CCA Full Text

Аймақтық экономикалық болжам Жаңарту


Read the Report

Back to Top

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

More