02267cas a2200241 a 4500 AALejournalIMF020836 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513538358 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Middle East and Central Asia Dept. Somalia : Poverty Reduction Strategy Paper-Joint Staff Advisory Note. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (16 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 Joint Staff Advisory Note on the Poverty Reduction Strategy Paper discusses that Somalia has made noteworthy progress since 2012 to recover from decades of conflict and state fragmentation. The country has succeeded in rebuilding core state capabilities and organized two democratic national elections in 2012 and 2017. Somalia has now reached the stage where it seeks to fully reengage the international community and is requesting debt relief through the heavily indebted poor countries initiative. The authorities developed the Ninth National Development Plan (NPD9) through a highly consultative, participatory process that ensured full country ownership. The macroeconomic policy objectives of NDP9 are to promote economic growth in an environment of low inflation, sustainable fiscal and current account balances, and healthy foreign exchange reserves. The IMF staff recommends updating framework to incorporate greater support for poverty reduction and additional financing from development partners during the interim period. The IMF staff supports the authorities' commitment to issuing new Somali shilling banknotes, while maintaining de facto dollarization. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/087 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/087/002.2020.issue-087-en.xml IMF e-Library