Somalia is committed to policy and reform implementation bringing it closer to debt relief under the Heavily Indebted Poor Countries Initiative, and receive funding from bilateral and multilateral partners.
The country reached two critical agreements with the International Monetary Fund mission team at a meeting led by Allison Holland, and agreed on the Staff-Monitored Programme (SMP) and Reaches Staff-Level Agreement on a new three-year macroeconomic reform programme that could be supported by the Extended Credit Facility (ECF) and Extended Fund Facility (EFF).
The meeting was held in Addis Ababa, Ethiopia in January.
Somalia was represented by Finance Minister Abdirahman Dualeh Beileh, Minister of Planning Gamal Hassan, and Central Bank Governor Abdirahman Mohamed Abdullahi.
Others were Hodan Mohamoud Osman, secretary of the Senate Finance Committee; Mohamud Abdirahman Sheikh Farah, chairman of the House of the People Commerce Committee.
