Somalia: 2024 Article IV Consultation and Second Review Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Somalia

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

Volume/Issue: Volume 2024 Issue 346

Publication date: December 2024

ISBN: 9798400297090

$20.00

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Topics covered in this book

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Exports and Imports , Public Finance , Budget planning and preparation , Government debt management , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Debt relief , Debt service

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Summary

Economic activity has picked up in recent months, supported by a rebound in agriculture and remittances, and growth projections for 2024 and 2025 have been upgraded to 4 percent. However, the domestic security situation remains challenging and geopolitical tensions in the Horn of Africa remain elevated.