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flag IMF approves $10 million loan to Somalia, supporting economic reforms and GDP growth.

flag The IMF has approved a $10 million loan to Somalia to support economic reforms, bringing the total disbursement under the current program to $60 million. flag Despite security and economic challenges, Somalia's GDP growth outlook has improved, with the IMF praising progress in fiscal reforms and revenue mobilization. flag The IMF also welcomed plans to reintroduce the Somali shilling and adopt a currency board arrangement, recommending a gradual implementation strategy. flag Somalia is working to strengthen economic institutions and promote stability and growth, with ongoing international support.

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