On Thursday, it emerged that Somalia and the International Monetary Fund (IMF) had reached a staff-level agreement for the second review under the Extended Credit Facility (ECF).
According to the IMF, Somalia has shown robust program performance, reflecting a firm commitment to maintaining macroeconomic stability and enhancing its institutional capacity and frameworks.
This progress signals Somalia’s dedication to economic reform and its efforts to strengthen fiscal discipline and governance, which are crucial as it works toward sustainable economic growth and long-term resilience.