Somalia—Assessment Letter for the Central Bank of Somalia

International Monetary Fund

No 2024/065, IMF Policy Papers from International Monetary Fund

Abstract: This letter provides IMF staff’s assessment of macroeconomic policies in Somalia. It also discusses the authorities’ intention to reintroduce the Somali Shilling and implement a currency board arrangement, which the IMF will be supporting through extensive capacity development and the Extended Credit Facility arrangement. This assessment letter has been requested by the Central Bank of Somalia with the objective of sharing it with international partners to explain the currency reform and seek their support.

Keywords: Somalia; currency board arrangement; currency exchange; assessment letter; extended credit facility; transparency policy; IMF CD support; ECF arrangement; currency exchange project; CBS capacity; ECF program; Currencies; Global (search for similar items in EconPapers)
Pages: 4
Date: 2024-12-18
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