{
  "title": "Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note",
  "publication": "IMF Staff Country Reports, December 21, 2023",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2023/12/21/somalia-poverty-reduction-strategy-paper-joint-staff-advisory-note-542902",
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  "summary": "This Joint Staff Advisory Note (JSAN) on the Poverty Reduction Strategy Paper for Somalia highlights that Somalia continued to face challenges while implementing the Ninth National Development Plan in 2021 and 2022.",
  "sections": [
    {
      "heading": "Context and scope",
      "content": "- Joint Staff Advisory Note (JSAN) on the Poverty Reduction Strategy Paper for Somalia.\n- Covers implementation of the Ninth National Development Plan in 2021 and 2022.\n- Mid-term review report addresses concerns raised in staff’s previous JSAN on Enhanced Heavily Indebted Poor Countries (HIPC) Completion Point, climate change, and revenue mobilization."
    },
    {
      "heading": "Shocks and humanitarian impact",
      "content": "- Since 2020 Somalia has been affected by:\n  - a desert locust infestation,\n  - persistent drought,\n  - the coronavirus disease 2019 pandemic,\n  - global food and fuel price increases due to Russia’s invasion of Ukraine.\n- Food insecurity: the number of people facing food insecurity due to the drought rose from 3.2 million in January 2022 to5.6 million by end-2022."
    },
    {
      "heading": "Political timing and external financing",
      "content": "- Parliamentary and Presidential elections that were supposed to commence by end-2020 were not completed until in May 2022.\n- Electoral delays affected the timing of external grant disbursements."
    },
    {
      "heading": "Progress toward HIPC Completion Point",
      "content": "- As of September 2023 the government has completed 13 of 14 Completion Point triggers."
    },
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      "heading": "Publication metadata (from the page)",
      "content": "- Publication date: December 21, 2023\n- Series: Country Report No. 2023/441\n- Pages: 17\n- Issue: 441\n- DOI: https://doi.org/10.5089/9798400264702.002\n- ISBN: 9798400264702\n- ISSN: 1934-7685\n\nSource: Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note, December 21, 2023.\n\n---\n\n Content in this bundle\n\n- 1somea2023006\n  - 1somea2023006 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1somea2023006 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 21, 2023",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400264702.002",
    "Joint Staff Advisory Note (JSAN) on the Poverty Reduction Strategy Paper for Somalia.",
    "Covers implementation of the Ninth National Development Plan in 2021 and 2022.",
    "Mid-term review report addresses concerns raised in staff’s previous JSAN on Enhanced Heavily Indebted Poor Countries (HIPC) Completion Point, climate change, and revenue mobilization.",
    "Since 2020 Somalia has been affected by:",
    "Food insecurity: the number of people facing food insecurity due to the drought rose from 3.2 million in January 2022 to5.6 million by end-2022.",
    "Parliamentary and Presidential elections that were supposed to commence by end-2020 were not completed until in May 2022.",
    "Electoral delays affected the timing of external grant disbursements.",
    "As of September 2023 the government has completed 13 of 14 Completion Point triggers.",
    "Publication date: December 21, 2023",
    "Series: Country Report No. 2023/441",
    "Pages: 17",
    "Issue: 441",
    "DOI: https://doi.org/10.5089/9798400264702.002",
    "ISBN: 9798400264702",
    "ISSN: 1934-7685",
    "**1somea2023006**"
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