IMF Staff Country Reports

Somalia : Enhanced Heavily-Indebted Poor Countries (HIPC) Initiative-Preliminary Document

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

February 13, 2020

Electronic Access:

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Summary:

Somalia has an historic opportunity to turn the page on decades of conflict, fragility and state fragmentation, and embark on a trajectory towards poverty reduction and inclusive growth. For over two decades, Somalia has experienced protracted conflict and fragility, the collapse of rule of law, institutions, basic public services and the social contract, resulting in the impoverishment of millions. The 2012 Provisional Constitution established a federal political structure, including a parliament, the Federal Government of Somalia (FGS) and the Federal Member States (FMS). The sustained political, economic and institutional reforms undertaken since 2016 have succeeded in rebuilding core state capabilities.

Series:

Country Report No. 20/44

Subject:

Debt relief Development External debt Financial institutions Poverty reduction strategy