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| 008 |
220928 ||| eng |
| 020 |
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|a 9781513538327
|
| 245 |
0 |
0 |
|a Somalia
|b Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document
|
| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2020
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| 300 |
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|a 68 pages
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| 651 |
|
4 |
|a Somalia
|
| 653 |
|
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|a Institutional Investors
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| 653 |
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|a Public debt
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| 653 |
|
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|a Debt relief
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| 653 |
|
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|a Stocks
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| 653 |
|
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|a Pension Funds
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| 653 |
|
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|a Finance
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| 653 |
|
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|a Debt service
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| 653 |
|
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|a Public finance & taxation
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| 653 |
|
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|a Financial Instruments
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| 653 |
|
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|a Debt Management
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| 653 |
|
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|a Debts, Public
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| 653 |
|
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|a Debt
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| 653 |
|
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|a Financial Institutions and Services: Government Policy and Regulation
|
| 653 |
|
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|a Exports and Imports
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| 653 |
|
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|a Asset and liability management
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| 653 |
|
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|a Arrears
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| 653 |
|
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|a International Lending and Debt Problems
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| 653 |
|
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|a International economics
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| 653 |
|
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|a External debt
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| 653 |
|
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|a Debts, External
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| 653 |
|
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|a Sovereign Debt
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| 653 |
|
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|a Non-bank Financial Institutions
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| 653 |
|
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|a Financial risk management
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| 653 |
|
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|a Investments: Stocks
|
| 653 |
|
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|a Investment & securities
|
| 653 |
|
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|a Financial Risk Management
|
| 653 |
|
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|a Public Finance
|
| 653 |
|
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|a Finance: General
|
| 710 |
2 |
|
|a International Monetary Fund
|b Middle East and Central Asia Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Staff Country Reports
|
| 028 |
5 |
0 |
|a 10.5089/9781513538327.002
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2020/086/002.2020.issue-086-en.xml?cid=49290-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
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|a 330
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| 520 |
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|a This paper presents an assessment of Somalia’s eligibility for assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The macroeconomic framework reflects the policy framework underlying the proposed three-year Fund-supported program. The debt relief analysis (DRA) remains largely unchanged, but some of the underlying debt data has been updated to reflect new information from creditors. In addition, this paper presents an assessment of debt management capacity in Somalia and a full Debt Sustainability Analysis under the Debt Sustainability Framework for Low-Income Countries. The DRA reveals that, after traditional debt relief mechanisms are applied, Somalia’s debt burden expressed as the net present value of debt-to-exports ratio is 344.2 percent at the end of December 2018—significantly above the HIPC Initiative threshold. Despite the challenging environment, progress on reform and policy implementation has been good and sustained reforms have translated into economic results. In addition to the coordinated support from the World Bank and the IMF, reforms have been supported by other development partners
|