## 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, July 6, 2018_

## Source details

**Canonical URL:** [Somalia: Second and Final Review Under the Staff Monitored Program and Request for a New Staff Monitored Program-Press Release and Staff Report](https://www.imf.org/en/publications/cr/issues/2018/07/06/somalia-second-and-final-review-under-the-staff-monitored-program-and-request-for-a-new-46060)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/07/06/somalia-second-and-final-review-under-the-staff-monitored-program-and-request-for-a-new-46060/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/07/06/somalia-second-and-final-review-under-the-staff-monitored-program-and-request-for-a-new-46060/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/07/06/somalia-second-and-final-review-under-the-staff-monitored-program-and-request-for-a-new-46060/bundle-manifest.json)

## Bibliographic details
- Published: July 6, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484366905.002

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### Recent developments and economic outlook
- 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.

### Program status and authorities' request
- The second Staff-Monitored Program (SMP II) expired in April 2018.
- The authorities remain strongly committed to policy implementation under SMP II and have requested a follow-up 12-month SMP.

### Main subjects and keywords
- 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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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18212.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18212.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/07/06/somalia-second-and-final-review-under-the-staff-monitored-program-and-request-for-a-new-46060_