International Monetary Fund (IMF) Staff Completes Staff-Level Agreement with Somalia on the Sixth Review under the Extended Credit Facility (ECF)
The Somali authorities have requested a successor IMF-supported program to continue advancing reforms that strengthen key economic institutions and promote macroeconomic stability and inclusive growth
Somalia has maintained strong reform momentum and program performance has been broadly satisfactory. IMF staff and the Somali authorities have reached staff-level agreement on the sixth review of Somalia’s Extended Credit Facility (ECF) arrangement; The Somali authorities have continued to make progress toward meeting the conditions for achieving the HIPC…