Somalia: 2022 Article IV Consultation and Fourth Review under the Extended Credit Facility-Press Release; and Staff Report

December 16, 2022

Summary

Somalia is facing a severe drought and acute food insecurity, aggravated by higher global food and fuel prices. Sustained efforts from the authorities and support from international partners are needed for immediate humanitarian assistance and to build resilience over time to climate shocks. Notwithstanding the current challenges, including a fragile security situation, the authorities continue to deliver on their commitments under the IMF supported program and have maintained the reform momentum. Program and Article IV discussions were informed by the Country Engagement Strategy.

Subject: Budget planning and preparation, Expenditure, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, budget grant, Budget planning and preparation, budget remains, draft budget, Global, Middle East and Central Asia, Somali authorities, staff appraisal

Pages:
111
Volume:
2022
DOI:
https://doi.org/10.5089/9798400227738.002
Issue:
375
Series:
Country Report No. 2022/375
Stock No:
1SOMEA2022003
ISBN:
9798400227738
ISSN:
1934-7685

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