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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
Author:
International Monetary Fund. Middle East and Central Asia Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2018: Issue 212
Language:
English
Publication Date:
06 Jul 2018
DOI:
https://doi.org/10.5089/9781484366905.002
ISBN:
9781484366905
ISSN:
1934-7685
Pages:
60
Keywords:
ISCR; CR; SMP III; SMP; excl. IMF; authority; Somali authorities; IMF quota; fund staff estimate; authorities economic reform agenda; Arrears
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Recent developments are broadly favorable and policies are aligned with staff recommendations and program priorities. Reflecting the favorable rainy season, economic activities are recovering from the 2016–17 drought and inflation is easing. The authorities remain strongly committed to policy implementation under the second Staff-Monitored Program (SMP II) which expired in April 2018, and have requested a follow-up 12-month SMP.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2018: Issue 212