02267cas a2200241 a 4500 AALejournalIMF020835 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513538327 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Somalia : Enhanced Heavily Indebted Poor Countries (HIPC) Initiative-Decision Point Document. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (68 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents an assessment of Somalia's eligibility for assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The macroeconomic framework reflects the policy framework underlying the proposed three-year Fund-supported program. The debt relief analysis (DRA) remains largely unchanged, but some of the underlying debt data has been updated to reflect new information from creditors. In addition, this paper presents an assessment of debt management capacity in Somalia and a full Debt Sustainability Analysis under the Debt Sustainability Framework for Low-Income Countries. The DRA reveals that, after traditional debt relief mechanisms are applied, Somalia's debt burden expressed as the net present value of debt-to-exports ratio is 344.2 percent at the end of December 2018-significantly above the HIPC Initiative threshold. Despite the challenging environment, progress on reform and policy implementation has been good and sustained reforms have translated into economic results. In addition to the coordinated support from the World Bank and the IMF, reforms have been supported by other development partners. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/086 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/086/002.2020.issue-086-en.xml IMF e-Library