IMF Staff Country Reports

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

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International Monetary Fund. Middle East and Central Asia Dept. "Somalia: Second and Final Review Under the Staff Monitored Program and Request for a New Staff Monitored Program-Press Release and Staff Report", IMF Staff Country Reports 2018, 212 (2018), accessed 12/9/2025, https://doi.org/10.5089/9781484366905.002

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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

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