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Somalia: 2022 Article IV Consultation and Fourth Review under the Extended Credit Facility-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 2022: Issue 375
Language:
English
Publication Date:
16 Dec 2022
DOI:
https://doi.org/10.5089/9798400227738.002
ISBN:
9798400227738
ISSN:
1934-7685
Pages:
111
Keywords:
draft budget; budget grant; staff appraisal; Somali authorities; budget remains; Budget planning and preparation; Global; Middle East and Central Asia; Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 375