{"id":418184,"date":"2026-10-06T13:40:21","date_gmt":"2026-10-06T16:40:21","guid":{"rendered":"https:\/\/anba.com.br\/?p=418184"},"modified":"2026-10-06T13:40:58","modified_gmt":"2026-10-06T16:40:58","slug":"imf-near-term-challenges-weigh-on-somalias-gdp","status":"publish","type":"post","link":"https:\/\/anba.com.br\/en\/imf-near-term-challenges-weigh-on-somalias-gdp\/","title":{"rendered":"IMF: Near-term challenges weigh on Somalia\u2019s GDP"},"content":{"rendered":"\n<p>S\u00e3o Paulo \u2013 Somalia\u2019s economy is expected to grow 2.3% this year, according to estimates released Monday (5) by the International Monetary Fund (<a href=\"https:\/\/www.imf.org\/en\/home\" target=\"_blank\" rel=\"noopener\">IMF<\/a>), but the North African country faces challenges that threaten its growth. An IMF delegation led by Ran Bi, deputy division chief of the Middle East and Central Asia Department, met with Somali officials in Nairobi, Kenya, from Sept. 21 to Oct. 1.<\/p>\n\n\n\n<p>According to the IMF\u2019s country report, Somalia has faced \u201csignificant\u201d challenges in recent months, including cuts in external aid, severe and recurring climate shocks, and spillover effects from the conflict in the Middle East. Economic growth is expected to reach 2.3% this year, 2.7% next year and 4% over the medium term. Inflation is projected to reach 6.5% in 2026 due to prolonged drought and trade disruptions.<\/p>\n\n\n\n<p>\u201cNear-term risks are high, including from more severe climate shocks, renewed regional conflict, further aid retrenchment, and domestic challenges. Sustained donor support is critical, especially if downside risks materialize,\u201d the IMF report said.<\/p>\n\n\n\n<p>The IMF said Somalia needs to continue with structural economic reforms, maintain fiscal discipline and contain its deficit. In 2027, the financial institution said, local authorities will need to increase revenue collection and cut spending, even as security spending needs are expected to rise.<\/p>\n\n\n\n<p>The IMF also said fiscal reforms are progressing, with stronger customs enforcement, income tax collection and non-tax revenues. According to the fund, efforts are underway to improve debt management and transparency.<\/p>\n\n\n\n<p><em>Read more<\/em>:<br><a href=\"https:\/\/anba.com.br\/en\/somalia-seeks-to-expand-partnership-with-brazil\/\">Somalia seeks to expand partnership with Brazil<\/a><\/p>\n\n\n\n<p><strong>Translated by Guilherme Miranda<\/strong><\/p>\n<div class=\"credits-overlay\" data-target=\".wp-image-418173\">\u00a9Abuukar Mohamed Muhidin\/Anadolu via AFP<\/div>","protected":false},"excerpt":{"rendered":"<p>The North African country\u2019s economy is expected to grow 2.3% this year and 2.7% in 2027. The International Monetary Fund says reforms and external assistance are essential.<\/p>\n","protected":false},"author":2316,"featured_media":418173,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[91],"tags":[54549,9756,2781,1988,9757,2063,49689],"class_list":{"0":"post-418184","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-challenges-2","9":"tag-gdp-en","10":"tag-growth","11":"tag-imf","12":"tag-inflation-en","13":"tag-middle-east","14":"tag-somalia-2"},"wps_subtitle":"The North African country\u2019s economy is expected to grow 2.3% this year and 2.7% in 2027. The International Monetary Fund says reforms and external assistance are essential.","_links":{"self":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/418184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/users\/2316"}],"replies":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/comments?post=418184"}],"version-history":[{"count":2,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/418184\/revisions"}],"predecessor-version":[{"id":418186,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/posts\/418184\/revisions\/418186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media\/418173"}],"wp:attachment":[{"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/media?parent=418184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/categories?post=418184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/anba.com.br\/en\/wp-json\/wp\/v2\/tags?post=418184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}