Somalia - Debt Management Reform Plan
The Debt Reform Plan presented in this report was jointly developed with the authorities. It was based on a request for technical assistance from the Ministry of Finance given the achievement of HIPC decision point and the new opportunities for Somalia...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English |
| Published: |
Washington, DC: World Bank
2022
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| Online Access: | http://documents.worldbank.org/curated/en/099955004022220081/P1762860eb09e600c097e8088d172461c65 http://hdl.handle.net/10986/37271 |
| Summary: | The Debt Reform Plan presented in
this report was jointly developed with the authorities. It
was based on a request for technical assistance from the
Ministry of Finance given the achievement of HIPC decision
point and the new opportunities for Somalia that are
subsequently emerging. The Plan focuses on three core areas
of debt management: the legal and institutional frameworks
for debt management and debt reporting. The Debt Reform Plan
is part of a broader set of institutional reforms on which
Somalia is embarking and links to the broader PFM reform
agenda. The reform activities are discussed in more detail
in the report which is structured as follows: section two
provides background on the macro-fiscal situation in
Somalia. The report then delves into the three key areas
reviewed in the TA providing sound practice, an overview of
the current situation, and description of recommended action
in each section. Section three covers the Legal Framework;
section four Institutional Framework and section five Debt
Recording, Reporting and Monitoring. A log-frame (Annex I)
outlines the specific actions, sequencing, and expected
outcomes for the overall proposed reform plan. The reform
plan mission team is ready to provide input and feedback
throughout the reform plan implementation phase. |
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