## Press Release: IMF Recognizes the Federal Government of Somalia After 22-year Interval

_IMF News, April 12, 2013_

## Source details

**Canonical URL:** [Press Release: IMF Recognizes the Federal Government of Somalia After 22-year Interval](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13119)

## Other formats

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## Bibliographic details
- Published: April 12, 2013

---

### Key announcement
- Press Release No.13/119
- Date: April 12, 2013
- The International Monetary Fund (IMF) recognized the Federal Government of Somalia, headed by President Hassan Sheikh Mohamud.
- Recognition paves the way for the resumption of relations after a 22-year interval.
- Recognition allows the IMF to offer Somalia technical assistance and policy advice.

### Background and international context
- Somalia has been an IMF member since August 1962.
- Somalia has been in a state of civil war since the early 1990s, during which there was no government with which the Fund could deal.
- A new Federal Government of Somalia, led by Federal President Hassan Sheikh Mohamud, took office in September 2012.
- The new administration has enjoyed considerable support from the United Nations, the African Union, the European Union, the Organization of Islamic Cooperation, and many IMF member countries.

### Financial and operational status
- Somalia is currently ineligible to borrow from the Fund due to its outstanding arrears, which currently amount to SDR 233.8 million (about US$352 million).
- Recognition enables IMF engagement through technical assistance and policy advice, though borrowing remains precluded by arrears.

### IMF contact information (as listed in the release)
- IMF EXTERNAL RELATIONS DEPARTMENT
- Public Affairs / Media Relations
- E-mail: publicaffairs@imf.org; media@imf.org
- Fax: 202-623-6220
- Phone: 202-623-7100

*IMF Press Release No.13/119, April 12, 2013*

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## References

- [Somalia and the IMF](http://www.imf.org/external/country/SOM/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [technical assistance](https://www.imf.org/external/np/exr/key/tech.htm)
- [outstanding arrears](https://www.imf.org/external/np/fin/tad/exfin2.aspx?date1key=2013-04-13&memberKey1=870)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr13119_