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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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

    July 13, 2020

    The Middle East and Central Asia (MCD) region has reacted to the global COVID-19 pandemic with swift and stringent measures that have saved lives. However, these policies have also had a large impact on domestic economic activity. With several countries in the region beginning reopening in past weeks, and a recent uptick in activity, rising infection numbers may pose risks. A sharp decline in oil prices together with production cuts among oil exporters and disruptions in trade and tourism added further headwinds. As a result, growth in the region is now projected at –4.7 percent in 2020, 2 percentage points lower than in April 2020. The unusually high level of uncertainty regarding the length of the pandemic and its impact on firm closures, the resulting downside risks (including social unrest and political instability), and potential renewed volatility in global oil markets dominate the outlook. The pandemic will continue to test countries’ health capacity and economic resilience. While ensuring strong health systems remains the immediate priority, governments should also focus on supporting the recovery and setting up resilient and well-targeted social safety nets. As the pandemic wanes, countries should facilitate recovery by easing the reallocation of workers and resources, as needed, while resuming gradual fiscal adjustment and rebuilding policy buffers. Multilateral support can play a key role in helping countries surmount these shocks.
    Read the Report