IMF Staff Completes First Review under the Staff-Monitored Program for Somalia
IMF Staff Completes First Review under the Staff-Monitored Program for Somalia
An International Monetary Fund (IMF) staff team led by Allison Holland visited Addis Ababa, Ethiopia, from September 10 to 13 to meet with the Somali authorities and undertake the first review under the fourth successive Staff Monitored Program (SMP) (covering May 2019 - July 2020). Reforms in this fourth SMP (SMP IV) focus on further efforts to mobilize revenues, including across the Federal Member States, strengthen public financial management, enhance financial sector stability, and strengthen compliance with the framework for anti-money laundering/ combatting the financing of terrorism.