Somalia: Poverty Reduction Strategy Paper-Joint Staff Advisory Note

Author: International Monetary Fund. Middle East and Central Asia Dept.

Volume/Issue: Volume 2023 Issue 287

Publication date: July 2023

ISBN: 9798400251726

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Topics covered in this book

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Money and Monetary Policy , Public Finance , International - Economics , Public Policy - Social Services and Welfare , Poverty and Homelessness , objective of the JSAN , copyright page , advisory note , feedback to the country , cash transfer program , Poverty reduction strategy , Budget planning and preparation , Global

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Summary

This Joint Staff Advisory Note (JSAN) reviews the first Annual Progress Report (APR) on Somalia’s Ninth National Development Plan (NDP9).1 NDP9 is a nationally owned and comprehensive strategy for poverty reduction and inclusive growth. It covers 2020–2024 and is organized around the four pillars: Inclusive Politics, Security and the Rule of Law, Economic Development and Social Development . NDP9 was submitted to the IMF and World Bank on October 15, 2019, to fulfill the Enhanced Heavily Indebted Poor Countries (HIPC) Initiative’s poverty reduction strategy requirement. The first Annual Progress Report (APR) was received by the World Bank and the IMF in June 2022. It describes the progress of the Federal Government of Somali (FGS) in implementing the first year of the NDP9, i.e., in 2020. The government is in the process of preparing the midterm review of NDP9, which will serve as APR for 2021 and 2022.