Somalia: Selected Issues
IMF Staff Country Reports, December 17, 2024
Source details
- Canonical URL
- Somalia: Selected Issues
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Bibliographic details
- Published: December 17, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400297168.002
Overview and main findings
- Examines the state of educational attainment in Somalia and the potential growth dividends from increasing access to education and closing gender gaps in education.
- Somalia experienced significant loss in human capital over two decades of civil strife.
- Education outcomes in Somalia are among of the lowest in the world, and even worse for women.
- Model estimates show that increasing education access to the level of Low Human Development countries and closing gender gaps could raise real gross domestic product by close to 40 percent over the next 25 years.
Challenges identified
- Extremely limited resources and capacity to build and expand a public education system.
- Large gender gaps in education outcomes, with women faring worse than men.
- Need to mobilize both domestic and external resources to finance improvements in access and quality.
Policy recommendations
- Gradually increase education spending by mobilizing both domestic and external resources.
- Carefully prioritize policies that can deliver near-term wins while the public education system is gradually developed.
- Sustain support from international development partners to complement domestic revenue mobilization.
Content in this bundle
- Somalia: Selected Issues; IMF Country Report No. 24/347; November 18, 2024