Published by
TDPel Media
TDPel Media
Notwithstanding COVID-19 and drought, the Somali authorities have preserved macroeconomic stability, supported by use of the 2021 general SDR allocation; Program performance remained commendable in 2021, and the reform momentum was maintained; Timely resolution of the political uncertainty and successful completion of elections is critical to avert the automatic lapse of the IMF-supported program, which would jeopardize disbursement of budget grants from development partners and derail the timing for full debt relief at the HIPC Completion Point. An International Monetary Fund (IMF) team, led …