Somalia Welcome Positive Outcome From IMF Discussions

18 October 2022
Shabelle Media Network (Mogadishu)

Finance Minister Elmi Mohamud Nor lauded positive outcomes from Somalia and IMF discussions in Nairobi city, the state media reported.

"I welcome this positive outcome from the IMF discussions. We are making progress despite the global challenges; economic slowdown, rising inflation, and food prices," he said in a Twitter post.

Nor furthermore added: "Somalia is committed to continuing the successful implementations of economic reform program".

International Monetary Fund staff on Monday announced reaching a staff-level agreement with the Federal Government of Somalia.

This deal will allow the release of about $10 million to the nation, once approved by the board, according to the official statement from IMF.

Read the original article on Shabelle.

Tagged:
Copyright © 2022 Shabelle Media Network. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 600 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.