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Somalia economic update : transition amid risks with a special focus on intergovernmental fiscal relations (Inglês)

Somalis face a daunting development challenge to overcome the legacy of two decades of sustained conflict and fragility, but substantial progress is now being made. Since 1991 and the collapse of the Siad Barre regime, Somalia has experienced cycles of conflict and fragility that fragmented the country, undermined legitimate institutions, and created widespread vulnerability. The new government that emerged following the Transitional Federal Government and the Roadmap to End the Transition in 2012 inherited a dysfunctional economy facing high levels of poverty and inequality, a youth bulge, high unemployment, and large infrastructure gaps. Against a backdrop of political progress marked by the emergence of new Federal Member States (FMSs) within the new constitutional framework and continued insecurity, the Federal Government of Somalia (FGS) has embarked on a process of structural, legislative, and institutional reform. The economy is starting to respond: Somalis are returning from abroad to invest, shops are opening, and the property market is booming. This is the first economic update for Somalia since the 2005 World Bank country economic memorandum for Somalia. The long conflict made monitoring of economic and social data nearly impossible since the late 1980s. With the relative stability of the past few years, new data have become available. The update is divided into two parts. Part one presents information on the social, economic, and governance status of Somalia. Part two focuses on intergovernmental fiscal relations.

Detalhes

  • Autor

    Randa,John, Whimp,Kathleen Anne, Abdullahi,Abdulqafar, Zacchia,Paolo B.

  • Data do documento

    2015/10/01

  • TIpo de documento

    Documento de Trabalho

  • No. do relatório

    100964

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Somália,

  • Região

    África,

  • Data de divulgação

    2015/11/16

  • Disclosure Status

    Disclosed

  • Nome do documento

    Somalia economic update : transition amid risks with a special focus on intergovernmental fiscal relations

  • Palavras-chave

    Combating the Financing of Terrorism;Fragile & Conflict-Affected States;conflict and fragility;united nations population fund;Macro Economics & Fiscal Management;access to health care;distribution of tax base;legal and regulatory framework;know your client;inequitable distribution of resources;intergovernmental fiscal arrangement;high fertility rate;assignment of revenue;intergovernmental fiscal relation;public service delivery;Reform Civil Service;Poverty & Inequality;access to finance;fiscal architecture;live birth;level of capacity;tax administration function;assignment of function;intergovernmental transfer system;state's fiscal capacity;assignment of responsibility;movement of people;wages and salary;domestic trade barriers;consumer price index;births per woman;high death rate;macroeconomic and fiscal;global financial system;distribution of population;current account deficit;improve water resource;improved water source;size and structure;Oil and Gas;Oil & Gas;quality of data;stages of life;extent of poverty;Public Financial Management;composition of expenditure;basis for investment;Country Program Coordinator;states without access;Public Finance Management;value added tax;

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