IMF Somalia Country Fund Phase II

This project aims to enhance Somalia’s capacity to implement sound macroeconomic policies which in turn helps Somalia reach debt relief and finance its’ national development plan laying the foundations for reduced poverty and inclusive development. This project builds on the gains achieved and lessons learned during Phase I of the Somalia Country Fund. This project provides capacity development to the federal Government of Somalia in five areas: (1) macroeconomic frameworks and policies; (2) central bank management and operations; (3) tax and customs policy modernization; (4) public financial management including investment and debt management and gender-based budget analysis; and (5) production and dissemination of macroeconomic data including sex-disaggregated data. This project works to deliver capacity development via a combination of virtual seminars short-term expert visits technical assistance missions peer-to-peer learning trainings in “third-country” locations on-line webinars and courses and mentorships.

The expected outcomes for this project include: (1) enhanced technical capacity of Somali officials; (2) strengthened key institutions; (3) enhanced macroeconomic fiscal and customs policies and processes; and (4) improved fiscal and macroeconomic decision-making based on national data.