NEC ADVISORY NOTE SIX SHORT-TO-MEDIUM TERM POST-HIPC POLICY ACTION PRIORITIES

This advisory note addresses Somalia’s policy priorities in the wake of its attainment of debt relief, a pivotal moment in its trajectory toward economic stability. The study underscores the significance of consolidating the achievements made during the Heavily Indebted Poor Countries (HIPC) Initiative and pursuing reforms that will ensure long-term fiscal and economic stability. The report delineates pivotal priorities, including the establishment of robust fiscal frameworks, the implementation of sound debt management strategies, and the continuation of reforms at the Central Bank of Somalia (CBS).

The study underscores the necessity of responsible public spending, enhancing the capacity of the Central Bank of Somalia (CBS), and building sustainable economic growth frameworks. It also highlights the urgency of developing a comprehensive post-HIPC development strategy that is integrated with long-term plans like the Centennial Vision 2060 (CV2060) and the National Transformation Plan (NTP). By focusing on prudent policies and institutional reforms, Somalia can mitigate risks and unlock new opportunities in the post-debt relief era.

For more detailed insights, download the full advisory note via the link below.

 

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