Extended Credit (ECF) and Fund Facility (EFF) | Ministry of Finance - Somalia

Extended Credit (ECF) and Fund Facility (EFF) | Ministry of Finance - Somalia
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EXTENDED CREDIT (ECF) AND FUND FACILITY (EFF)
The Executive Board of the International Monetary Fund (IMF) approved three-year arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF) for Somalia in the amount of SDR 292.4 million (about US$395.5 million or around 179 percent of quota) (March 25, 2020). The three-year financing package will support the implementation of the authorities’ National Development Plan and anchor reforms between the HIPC Decision and Completion Points. Reforms will focus on a continued strengthening of public finances to meet Somalia’s development needs in a sustainable manner; a deepening of central bank capacity; improvement of the business environment and governance; and enhancing statistics.
Corporate Author
ECF/EFF
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In this Section
ABOUT
Role of the Ministry
Organizational Chart
Leadership
PARTNERSHIPS
Enhanced HIPC Initiative
Financial Governance Committee (FGC)
Use of Country Systems
Open Budget Initiative (OBI)
PFM Reforms
Public Expenditure and Financial Accountability (PEFA)
PROGRAMS
Somalia Enhancing Public Resource Management Project
DRM/PFM Capacity Strengthening (WB)
Extended Credit (ECF) and Fund Facility (EFF)
Recurrent Cost And Reform Financing Project (RCRF)
SCALED-UP
Somalia Crisis Recovery Project
CAREERS
Careers
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