{
  "title": "Somalia's Finance Minister on Economic Development, IMF F&D",
  "sourceUrl": "https://www.imf.org/en/publications/fandd/issues/2020/03/interview-with-somalia-finance-minister-abdirahman-dualeh-beileh-trenches",
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  "summary": "An interview with Somalia’s Finance Minister Abdirahman Dualeh Beileh, who sees hope for his country’s economic development.",
  "sections": [
    {
      "heading": "Context and background",
      "content": "- Interview with Somalia’s Finance Minister Abdirahman Dualeh Beileh, edited for length and clarity.\n- Publication: F&D Magazine, \"Rebuilding Somalia\", March 2020.\n- Somalia experienced \"no recognized government for 20 years\" and a \"total lack of institutions\" prior to 2012.\n- Turning point identified as 2012 when \"the first government was elected in a manner that resembled normalcy.\""
    },
    {
      "heading": "Governance and institutional rebuilding",
      "content": "- Major governance challenges described: \"total suspension of law and order,\" reliance on clans and elders, loss of records and institutional memory.\n- Progress noted: establishment of a functioning government, agreement on bills to govern finances, taxes, and customs; some laws \"have already been harmonized\" with ongoing work supported by the IMF and international community.\n- Security remains a concern: \"There are still some security problems, some terrorist elements in Somalia,\" but \"by and large, we have rules that guide our economy nationwide.\"\n- Political-economic objective articulated: \"one nation, one economy, and one budget\" as a common agenda."
    },
    {
      "heading": "Debt and access to external finance",
      "content": "- Total estimated debt: $5.3 billion.\n- Constraint described: lack of access to international financial institutions and concessionary/grant resources while in arrears.\n- Strategy: prioritize clearing arrears through the Heavily Indebted Poor Countries Initiative to regain access to grant resources from the IMF, the World Bank, the AfDB, and other institutions.\n- Intended use of reaccessed resources: rebuilding the country to \"generate more jobs.\""
    },
    {
      "heading": "Labor market and demographics",
      "content": "- Demographic statistic: \"young people making up 70 percent of the population.\"\n- Policy priority: create job opportunities for youth; internal resource mobilization so \"the government’s budget must be funded by internal resources\" within five years."
    },
    {
      "heading": "Diaspora and remittances",
      "content": "- Diaspora described as \"a blessing\" contributing businesses, skills, and remittances to Mogadishu and Somalia broadly.\n- Quantified impact on household food security during crisis: \"I would say 80 to 90 percent of Somali families were fed during our period of difficulty thanks to the diaspora community.\""
    },
    {
      "heading": "Vision and near-term scenario (five-year outlook)",
      "content": "- Ambition: \"If the current trajectory holds, we can be a middle-income country.\"\n- Target conditions in five years:\n  - A self-sufficient government \"not asking for handouts.\"\n  - Government budget funded by internal resources.\n  - Continued need for investment due to \"infrastructure has been totally destroyed.\""
    },
    {
      "heading": "Role of culture in development",
      "content": "- Cultural resilience: \"when we lost everything else, the culture and the letters remained.\"\n- Cultural expression (poetry and songwriting) presented as a unifying force and a means of articulating national identity and emotions during recovery.\n\nSource: Somalia's Finance Minister on Economic Development, IMF F&D (F&D Magazine, March 2020).\n\n---\n\n Content in this bundle\n\n- إعادة بناء الصومال\n  - إعادة بناء الصومال (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - إعادة بناء الصومال (PDF){rel=\"external\" type=\"application/pdf\"}\n- Reconstruir Somalia ● Finanzas y Desarrollo ● Marzo de 2020\n  - Reconstruir Somalia ● Finanzas y Desarrollo ● Marzo de 2020 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Reconstruir Somalia ● Finanzas y Desarrollo ● Marzo de 2020 (PDF){rel=\"external\" type=\"application/pdf\"}\n- Une Somalie en reconstruction — Entretien avec Abdirahman Dualeh Beileh\n  - Une Somalie en reconstruction — Entretien avec Abdirahman Dualeh Beileh (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Une Somalie en reconstruction — Entretien avec Abdirahman Dualeh Beileh (PDF){rel=\"external\" type=\"application/pdf\"}\n- Somalia’s Finance Minister on Economic Development – IMF F&D\n  - Somalia’s Finance Minister on Economic Development – IMF F&D (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Somalia’s Finance Minister on Economic Development – IMF F&D (PDF){rel=\"external\" type=\"application/pdf\"}\n- 重建索马里 - 前 沿 - 金融与发展 - 国际货币基金组织季刊 -2020年3月号·第57卷·第1期\n  - 重建索马里 - 前 沿 - 金融与发展 - 国际货币基金组织季刊 -2020年3月号·第57卷·第1期 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 重建索马里 - 前 沿 - 金融与发展 - 国际货币基金组织季刊 -2020年3月号·第57卷·第1期 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/fandd/issues/2020/03/interview-with-somalia-finance-minister-abdirahman-dualeh-beileh-trenches"
    }
  ],
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    "[Markdown version](/en/publications/fandd/issues/2020/03/interview-with-somalia-finance-minister-abdirahman-dualeh-beileh-trenches/index.md)",
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    "Published: March 1, 2020",
    "Interview with Somalia’s Finance Minister Abdirahman Dualeh Beileh, edited for length and clarity.",
    "Publication: F&D Magazine, \"Rebuilding Somalia\", March 2020.",
    "Somalia experienced \"no recognized government for 20 years\" and a \"total lack of institutions\" prior to 2012.",
    "Turning point identified as 2012 when \"the first government was elected in a manner that resembled normalcy.\"",
    "Major governance challenges described: \"total suspension of law and order,\" reliance on clans and elders, loss of records and institutional memory.",
    "Progress noted: establishment of a functioning government, agreement on bills to govern finances, taxes, and customs; some laws \"have already been harmonized\" with ongoing work supported by the IMF and international community.",
    "Security remains a concern: \"There are still some security problems, some terrorist elements in Somalia,\" but \"by and large, we have rules that guide our economy nationwide.\"",
    "Political-economic objective articulated: \"one nation, one economy, and one budget\" as a common agenda.",
    "Total estimated debt: $5.3 billion.",
    "Constraint described: lack of access to international financial institutions and concessionary/grant resources while in arrears.",
    "Strategy: prioritize clearing arrears through the Heavily Indebted Poor Countries Initiative to regain access to grant resources from the IMF, the World Bank, the AfDB, and other institutions.",
    "Intended use of reaccessed resources: rebuilding the country to \"generate more jobs.\"",
    "Demographic statistic: \"young people making up 70 percent of the population.\"",
    "Policy priority: create job opportunities for youth; internal resource mobilization so \"the government’s budget must be funded by internal resources\" within five years.",
    "Diaspora described as \"a blessing\" contributing businesses, skills, and remittances to Mogadishu and Somalia broadly.",
    "Quantified impact on household food security during crisis: \"I would say 80 to 90 percent of Somali families were fed during our period of difficulty thanks to the diaspora community.\"",
    "Ambition: \"If the current trajectory holds, we can be a middle-income country.\"",
    "Target conditions in five years:",
    "Cultural resilience: \"when we lost everything else, the culture and the letters remained.\"",
    "Cultural expression (poetry and songwriting) presented as a unifying force and a means of articulating national identity and emotions during recovery.",
    "**إعادة بناء الصومال**",
    "**Reconstruir Somalia ● Finanzas y Desarrollo ● Marzo de 2020**",
    "**Une Somalie en reconstruction — Entretien avec Abdirahman Dualeh Beileh**",
    "**Somalia’s Finance Minister on Economic Development – IMF F&D**",
    "**重建索马里 - 前 沿 - 金融与发展 - 国际货币基金组织季刊 -2020年3月号·第57卷·第1期**"
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