Somalia: Third Review Under the Extended Credit Facility and Request for a Modification of Quantitative Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Somalia

Volume/Issue: Volume 2025 Issue 191

Publication date: July 2025

ISBN: 9798229014779

$20.00

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Exports and Imports , Public Finance , Budget planning and preparation , Government debt management , Debt service , Debt relief

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Summary

Economic growth in 2024 was supported by robust agricultural and livestock output. The outlook, however, is shadowed by foreign aid cuts and high global uncertainty, which exacerbate challenges from domestic security, climate shocks, and regional tensions.