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International Monetary Fund

public sector, the report of the Rightsizing review calls for a more streamlined public service concentrating on declining core government functions, and detailing where changes need to be made. Implementation will be difficult, but the Government will take forward some of these reforms in 2006. Given the importance of the benefits of achieving a more efficient public service and reallocating resources to MTDS priorities, it will be important for the Government to push ahead with these reforms. My authorities agree with the Fund’s advice that accelerated

International Monetary Fund. Middle East and Central Asia Dept.

receiving transfers for core government functions. Newly formed Hirshabelle, the last FMS, is preparing the readiness criteria for project support. The RCRF expanded its scope in 2017 through the surge support initiative, the temporary, policy-base financing that creates fiscal space for public works activities and non-salary recurrent costs. Surge support is based on enabling Somali authorities to deliver public services to citizens and the principles of government leadership, accountability and consistency in relations between FGS and each FMS. The surge support is

International Monetary Fund. Middle East and Central Asia Dept.

assistance and grants—to expand economic opportunities in the country. 13. Capacity Injection Project : The objective of this project is to enable the government fill critical capacity gaps in the civil service, and strengthen the capacity of key ministries and agencies to perform core government functions. Project components cover: (i) developing capacity for key cross-cutting government functions; (ii) strengthening the policies and procedures for civil service management; and, (iii) aiding policy management, coordination and monitoring capabilities at the center of

International Monetary Fund
Papua New Guinea’s 2005 Article IV Consultation reports that the economy continues to perform well as the recovery maintains its momentum and the authorities adhere to disciplined fiscal and monetary policies. The central government budget has been estimated to be once more in surplus in 2005, as mining and petroleum revenue remain strong and overall expenditure is kept in check, resulting in a further reduction in public sector debt. Monetary policy has achieved a favorable combination of relatively low interest rates and inflation.
International Monetary Fund. Middle East and Central Asia Dept.
This Joint Staff Advisory Note on the Poverty Reduction Strategy Paper discusses that Somalia has made noteworthy progress since 2012 to recover from decades of conflict and state fragmentation. The country has succeeded in rebuilding core state capabilities and organized two democratic national elections in 2012 and 2017. Somalia has now reached the stage where it seeks to fully reengage the international community and is requesting debt relief through the heavily indebted poor countries initiative. The authorities developed the Ninth National Development Plan (NPD9) through a highly consultative, participatory process that ensured full country ownership. The macroeconomic policy objectives of NDP9 are to promote economic growth in an environment of low inflation, sustainable fiscal and current account balances, and healthy foreign exchange reserves. The IMF staff recommends updating framework to incorporate greater support for poverty reduction and additional financing from development partners during the interim period. The IMF staff supports the authorities’ commitment to issuing new Somali shilling banknotes, while maintaining de facto dollarization.