Somalia : Second and Final Review Under the Staff-Monitored Program and Request for a New Staff-Monitored Program-Press Release and Staff Report

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

July 11, 2017

Electronic Access:

Download PDF. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Recent developments are broadly in line with the 2016 Article IV Consultation Staff Report. The 2016 electoral cycle was completed on February 8, with the election of Mohamed Abdullahi Mohamed as President, which provides a fresh mandate for stronger reforms in the next four years and continued donor support. Progress is being made in improving the security situation, developing institutional capacity, and state-building. On May 16, 2016, the IMF Managing Director approved a 12-month Staff-Monitored Program (SMP) (May 2016–April 2017) and the first review under the SMP was completed on February 3, 2017. This is the second and last review under the first SMP, which ended in April 2017. The authorities have requested a second 12-month SMP.

Series:

Country Report No. 17/204

Subject:

English

Publication Date:

July 11, 2017

ISBN/ISSN:

9781484309100/1934-7685

Stock No:

1SOMEA2017002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

Please address any questions about this title to publications@imf.org