Somalia 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Somalia

This 2016 Article IV Consultation highlights the Government of Somalia’s continued significant efforts toward restoring its key economic and financial institutions despite a very difficult political environment. The Somali economy is expected to continue to be sustained by donor grants, remittances,...

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Bibliographic Details
Corporate Author: International Monetary Fund Middle East and Central Asia Dept
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2017
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Revenue administration 
653 |a Payment Systems 
653 |a Public finance & taxation 
653 |a Regimes 
653 |a Monetary economics 
653 |a Balance of payments 
653 |a Exports and Imports 
653 |a Currency reform 
653 |a Arrears 
653 |a International Lending and Debt Problems 
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653 |a Money 
653 |a National Government Expenditures and Related Policies: General 
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653 |a Taxation, Subsidies, and Revenue: General 
653 |a Monetary Systems 
653 |a Public financial management (PFM) 
653 |a Remittances 
653 |a Public Finance 
653 |a Money and Monetary Policy 
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520 |a This 2016 Article IV Consultation highlights the Government of Somalia’s continued significant efforts toward restoring its key economic and financial institutions despite a very difficult political environment. The Somali economy is expected to continue to be sustained by donor grants, remittances, and foreign direct investment, mostly by the Somali diaspora. Economic activity is projected to decelerate in 2016–17. Growth is projected to be 3.4 percent and 2.5 percent in 2016 and 2017, respectively. The Somali government will continue to implement measures to improve the fiscal framework, raise tax revenue, and implement structural reforms