索马里：根据扩大信贷安排进行的第四次审查和关于增加准入的请求新闻稿；员工报告；索马里执行主任的发言

FOURTHREVIEW UNDER THE EXTENDED CREDITFACILITYARRANGEMENTAND REQUEST FORAUGMENTATION OF ACCESS—PRESS RELEASE;STAFFREPORT;AND STATEMENT BY THE EXECUTIVEDIRECTOR FORSOMALIA In the context of theFourthReview Underthe Extended Credit FacilityArrangement andRequest for Augmentation of Access, the following documents have been released andare included in this package: •APress Releaseincluding a statement by the Chair of the Executive Board. •TheStaff Reportprepared by a staff team of the IMF for the Executive Board’sconsideration onDecember 8, 2025, following discussions that ended onOctober 8,2025, with the officials ofSomaliaon economic developments and policiesunderpinning the IMF arrangement under theExtended Credit Facility. Based oninformation available at the time of these discussions, the staff report was completedonNovember 21, 2025. •ADebt Sustainability Analysisprepared by the staffsof the IMFandtheInternational Development Association. •AStatement by the Executive DirectorforSomalia. TheIMF’s transparency policy allows for the deletion of market-sensitive information andpremature disclosure of the authorities’ policy intentions in published staff reports andother documents. Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.org International Monetary FundWashington, D.C. IMF Executive Board Concludes the Fourth Review of theExtended Credit Facility Arrangement for Somalia andApproves the Request for Augmentation FOR IMMEDIATE RELEASE •The IMF Executive Board completed the fourth review under the Extended Credit Facility(ECF) arrangement for Somalia and approved an augmentation of the program of aboutUS$40 million (the equivalent of SDR 30 million), raising the total access under the programto about US$140 million (the equivalent of SDR 105 million) and allowing for an immediatedisbursement of about US$30 million (the equivalent of SDR 22.5 million) to support thecountry’s economic reform agenda. •Somalia has maintained strong program performance despite significant global headwinds,notably the persistent and sharp declines in foreign aid. For the first time, Somalia plans toexpand social spending using domestic resources to mitigate the negative social impact offoreign aid cuts. •The authorities are firmly committed to accelerating domestic revenue mobilization,strengthening public financial management, promoting financial deepening and inclusion,improving governance, and enhancing statistics. Continued donor assistance is essential tosupport the authorities’ policy efforts. Washington, DC – December 8, 2025:The Executive Board of the International MonetaryFund (IMF) today completed the fourth review of the ECF arrangement for Somalia andapproved an augmentation of the program by an amount equivalent to SDR 30 million (aboutUS$40 million). The Board’s approval of the review and augmentation enables an immediatedisbursement of SDR 22.5 million (about US$30 million), which will be channeled for budgetsupport, bringing Somalia’s total disbursements under the ECF arrangement to SDR 75 million(about US$100 million). Somalia’s ECF arrangement was originally approved by the Executive Board on December19, 2023 (seePress Release No. 23/463). The program supports the authorities’ post-HIPCreform strategy to further strengthen key economic institutions and promote macroeconomicstability and growth, in line with Somalia’s National Transformation Plan and Centennial Vision2060. Following the Executive Board discussion, Mr. Nigel Clarke, Deputy Managing Director andChair, made the following statement: “The Somali authorities have maintained steadfast reform implementation and strong programperformance under the Fund-supported Extended Credit Facility Arrangement, despitedomestic and global challenges. Notably, persistent and sizeable foreign aid cuts, recurrentclimate shocks and elevated uncertainty continue to weigh on the growth outlook and publicfinances, with significant social repercussions. These pressures underscore the need tosustain sound policies and the reform momentum, and accelerate domestic revenue mobilization to create room for priority spending, including on social programs. In this context,the authorities’ commitment to expanding social spending in 2026 using domestic resources isa welcome initial effort. To support Somalia’s reform strategy, sustained assistance fromdevelopment partners is critical. “Fiscal performance in 2025 remains strong, supported by resilient domestic revenuecollection, disciplined spending, and commendable progress in key reforms. The Cabinet-approved 2026 budget aligns with program objectives, envisaging continued domesticrevenue mobilization and expenditure restraint while safeguarding priority spending. Keyrevenue reforms include continuing customs modernization, strengtheni