Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

November 18, 2019

Electronic Access:

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Summary:

Implementation of the new SMP IV is satisfactory and the economic outlook is in line with expectations. The underlying growth momentum continues, supported by ongoing reforms; however, lower than expected rains in late 2018 and the first half of 2019 threatens Somalia’s already fragile food security and the UN has indicated that up to 2.1 million people face severe hunger through December 2019. The authorities are progressing on the HIPC Decision Point benchmarks, and these efforts must be sustained.

Series:

Country Report No. 19/343