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220928 ||| eng |
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|a 9781513538358
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245 |
0 |
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|a Somalia
|b Poverty Reduction Strategy Paper-Joint Staff Advisory Note
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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 16 pages
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651 |
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4 |
|a Somalia
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653 |
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|a Finance, Public
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653 |
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|a Provision and Effects of Welfare Program
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653 |
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|a Budget Systems
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653 |
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|a Public finance & taxation
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653 |
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|a Fiscal Policy
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653 |
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|a Fiscal governance
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653 |
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|a Budget planning and preparation
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653 |
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|a Fiscal policy
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653 |
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|a Social welfare & social services
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653 |
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|a Poverty and Homelessness
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653 |
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|a Budgeting
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653 |
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|a Social Services and Welfare
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653 |
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|a National Government Expenditures and Related Policies: General
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653 |
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|a Poverty reduction strategy
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653 |
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|a Welfare, Well-Being, and Poverty: General
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653 |
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|a Poverty & precarity
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653 |
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|a Budget
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653 |
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|a Poverty
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653 |
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|a Macroeconomics
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653 |
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|a Public financial management (PFM)
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653 |
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|a National Budget
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653 |
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|a Budgeting & financial management
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653 |
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|a Public Finance
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653 |
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|a Government Policy
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710 |
2 |
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|a International Monetary Fund
|b Middle East and Central Asia Dept
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7 |
|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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490 |
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|a IMF Staff Country Reports
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028 |
5 |
0 |
|a 10.5089/9781513538358.002
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856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2020/087/002.2020.issue-087-en.xml?cid=49291-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This Joint Staff Advisory Note on the Poverty Reduction Strategy Paper discusses that Somalia has made noteworthy progress since 2012 to recover from decades of conflict and state fragmentation. The country has succeeded in rebuilding core state capabilities and organized two democratic national elections in 2012 and 2017. Somalia has now reached the stage where it seeks to fully reengage the international community and is requesting debt relief through the heavily indebted poor countries initiative. The authorities developed the Ninth National Development Plan (NPD9) through a highly consultative, participatory process that ensured full country ownership. The macroeconomic policy objectives of NDP9 are to promote economic growth in an environment of low inflation, sustainable fiscal and current account balances, and healthy foreign exchange reserves. The IMF staff recommends updating framework to incorporate greater support for poverty reduction and additional financing from development partners during the interim period. The IMF staff supports the authorities’ commitment to issuing new Somali shilling banknotes, while maintaining de facto dollarization
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