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

July 6, 2018

Summary

Recent developments are broadly favorable and policies are aligned with staff recommendations and program priorities. Reflecting the favorable rainy season, economic activities are recovering from the 2016–17 drought and inflation is easing. The authorities remain strongly committed to policy implementation under the second Staff-Monitored Program (SMP II) which expired in April 2018, and have requested a follow-up 12-month SMP.

Subject: Arrears, External debt, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, authorities economic reform agenda, authority, CR, excl. IMF, fund staff estimate, IMF quota, ISCR, SMP, SMP III, Somali authorities

Pages:
60
Volume:
2018
DOI:
https://doi.org/10.5089/9781484366905.002
Issue:
212
Series:
Country Report No. 2018/212
Stock No:
1SOMEA2018002
ISBN:
9781484366905
ISSN:
1934-7685

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