Somalia recognised by IMF

The International Monetary Fund officially recognised the Somali government on Friday, ending a 22-year hiatus and allowing the Fund to provide economic policy advice to Somalia. The move opens the way for donors and other development banks to resume relations with Somalia, whose economy is in tatters after more than two decades of conflict. Donors are expected to meet officials from the World Bank and International Monetary Fund during meetings of world finance leaders in Washington next week.

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