Mogadishu Finance Minister Elmi Mohamud Nor lauded positive outcome from Somalia and IMF discussions in Nairobi city.
“I welcome this positive outcome from the IMF discussions. We are making progress despite the global challenges; economic slowdown, rising inflation and food prices,” he said in Twitter post.
Nor furthermore added: “Somalia is committed to continuing the successful implementations of economic reform program”.
International Monetary Fund staff on Monday announced reaching a staff-level agreement with Federal Government of Somalia.
This deal will allow the release of about $10 million to the nation, once approved by the board, according to official statement from IMF.
Source: Somali National News Agency