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The purpose of the missions of Phase I was to develop a functional central bank, including establishing a modern banking supervisory regime. Especially, MCM provided TA missions under the Phase I that have focused on operationalizing banking license capacity, development of on and offsite...
Persistent link: https://www.econbiz.de/10012517604
The authorities are requesting additional interim HIPC assistance from the Fund in the amount of SDR 680,000 (Appendix I) to cover the period March 25, 2021- March 24, 2022. The interim HIPC assistance will be applied to cover 100 percent of eligible debt service to the IMF falling due over the...
Persistent link: https://www.econbiz.de/10012517606
implementation of the authorities' National Development Plan and lifting growth, Somalia was hit by a triple shock of flooding …
Persistent link: https://www.econbiz.de/10012391137
This paper discusses Somalia's Second Review Under the Staff-Monitored Program and Request for Three-Year Arrangements … Completion Points. Reforms will focus on a continued strengthening of public finances to meet Somalia's development needs in a …
Persistent link: https://www.econbiz.de/10012242112
This paper presents an assessment of Somalia's eligibility for assistance under the enhanced Heavily Indebted Poor … reflect new information from creditors. In addition, this paper presents an assessment of debt management capacity in Somalia … that, after traditional debt relief mechanisms are applied, Somalia's debt burden expressed as the net present value of …
Persistent link: https://www.econbiz.de/10012242115
This Joint Staff Advisory Note on the Poverty Reduction Strategy Paper discusses that Somalia has made noteworthy … state capabilities and organized two democratic national elections in 2012 and 2017. Somalia has now reached the stage where …
Persistent link: https://www.econbiz.de/10012242117
This 2016 Article IV Consultation highlights the Government of Somalia's continued significant efforts toward restoring …
Persistent link: https://www.econbiz.de/10011691245
This paper discusses Somalia's Second and Final Review Under the Staff-Monitored Program (SMP) and Request for a new …
Persistent link: https://www.econbiz.de/10011698093
This paper discusses key issues related to the economy of Somalia. Since 2012, Somalia has been recovering slowly from … complicated economic reconstruction. As a result, social and economic conditions remain dire. To help Somalia's economic …
Persistent link: https://www.econbiz.de/10011671413
The CBS has taken steps to establish important pillars of a proper policy framework for financial reporting, auditing, and internal controls by approving the Internal Audit and Audit Committee Charters and is committed to address the remaining shortcomings in these areas. The Internal Audit...
Persistent link: https://www.econbiz.de/10011986750