Somalia : Second and Final Review Under the Staff-Monitored Program and Request for a New Staff-Monitored Program-Press Release and Staff Report
Electronic Access:
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Summary:
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.
Series:
Country Report No. 17/204
http://www.imf.org/en/Publications/CR/Issues/2017/07/11/Somalia-Second-and-Final-Review-Under-the-Staff-Monitored-Program-and-Request-for-a-New-45065