## Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note

_IMF Staff Country Reports, December 21, 2023_

## Source details

**Canonical URL:** [Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note](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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## Bibliographic details
- Published: December 21, 2023
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400264702.002

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### Context and scope
- 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.

### Shocks and humanitarian impact
- Since 2020 Somalia has been affected by:
  - a desert locust infestation,
  - persistent drought,
  - the coronavirus disease 2019 pandemic,
  - global food and fuel price increases due to Russia’s invasion of Ukraine.
- 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.

### Political timing and external financing
- 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.

### Progress toward HIPC Completion Point
- As of September 2023 the government has completed 13 of 14 Completion Point triggers.

### Publication metadata (from the page)
- 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

*Source: Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note, December 21, 2023.*

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_Source: https://www.imf.org/en/publications/cr/issues/2023/12/21/somalia-poverty-reduction-strategy-paper-joint-staff-advisory-note-542902_