Somalia : Second and Final Review Under the Staff-Monitored Program and Request for a New Staff-Monitored Program-Press Release and Staff Report

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Somalia : Second and Final Review Under the Staff-Monitored Program and Request for a New Staff-Monitored Program-Press Release and Staff Report
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Volume/Issue:
2017/204
Series:
IMF Staff Country Reports
Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Publisher:
INTERNATIONAL MONETARY FUND
Published Date:
July 2017
DOI:
http://dx.doi.org/10.5089/9781484309100.002
ISBN:
9781484309100
ISSN:
1934-7685
Page:
60
Recent developments are broadly in line with the 2016 Article IV Consultation Staff Report. The 2016 electoral cycle was completed on February 8, with the election of Mohamed Abdullahi Mohamed as President, which provides a fresh mandate for stronger reforms in the next four years and continued donor support. Progress is being made in improving the security situation, developing institutional capacity, and state-building. On May 16, 2016, the IMF Managing Director approved a 12-month Staff-Monitored Program (SMP) (May 2016-April 2017) and the first review under the SMP was completed on February 3, 2017. This is the second and last review under the first SMP, which ended in April 2017. The authorities have requested a second 12-month SMP.
Article

Somalia: Second and Final Review Under the Staff–Monitored Program and Request for a New Staff–Monitored Program

Author(s):
International Monetary Fund. Middle East and Central Asia Dept.
Published Date:
July 2017
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