Somalia : Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. Middle East and Central Asia Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/086

IMF Staff Country Reports

Language:

English

Subjects (All):

Debt.

Nonprofit organizations.

Physical Description:

1 online resource (68 pages).

Other Title:

Somalia

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

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.

Contents:

Front Matter

Somalia: Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-decision Point Document

Somalia: Debt Sustainability Analysis

Somalia to Receive Debt Relief under the Enhanced HIPC Initiative.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513538334

1513538330