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    EU naval force seizes 20 million euros worth narcotics in the Indian Ocean

    EU naval force seizes 20 million euros worth narcotics in the Indian Ocean

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    Russia says ready to supply weapons to Somalia

    Al-Shabaab kidnapped two chiefs in Gedo region

    U.S designates 26 individus for terrorism, charcoal smuggling in Somalia

    US airstrikes fail to weaken Al-Shabaab’s grip on Somalia

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    Two men executed for murder in south-western Somalia

    Two men executed for murder in south-western Somalia

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    President Mohamud says Parliament will have final say on NCC proposals

    President Mohamud says Parliament will have final say on NCC proposals

    Senate passes National ID and Registration bill

    Senate passes National ID and Registration bill

    REVEALED: Al-Shabaab mass destruction ahead of Sabiib fall

    ANTI-TERRORISM BILL: Somali gov’t to seize property of convicted terrorists

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    The Upper House postpones a critical bill

    Somalia’s Upper House approved National Audit Bill

    The power bill got the OKay from the Senate.

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    OP-ED: The journey of a book

    OP-ED: The journey of a book

    National Education Conference: Expanding access and quality education in Somalia

    National Education Conference: Expanding access and quality education in Somalia

    Education stakeholders call for reforms, standardisation and resource allocation

    Education stakeholders call for reforms, standardisation and resource allocation

    Somali students arrive in Serbia for scholarship programme

    Somali students arrive in Serbia for scholarship programme

    Five-day National Education Conference opens today in Mogadishu

    Five-day National Education Conference opens today in Mogadishu

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    Somalia could plunge into famine by June-FAO

    UN, major donors to mobilise drought response for Horn of Africa in New York

    FAO, HirShabelle appeal for urgent aid as floods wreak havoc in Hiiraan region

    FAO, HirShabelle appeal for urgent aid as floods wreak havoc in Hiiraan region

    Thousands at risk as floods wreak havoc across Somalia

    UN warns of looming floods in Bulo Burte in Hiiraan region

    Floods kill 22 people in Somalia-UN

    Floods kill 22 people in Somalia-UN

    Flooding In Somalia Displaces 200,000 People

    Flooding In Somalia Displaces 200,000 People

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    Saudi government donates food aid to thousands of families in Somalia

    Saudi government donates food aid to Somalia

    Mogadishu Port Remains Closed Over Tariff Dispute

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    World expresses solidarity with Somalia after attack

    Somali soldiers allegedly tortured former MP

    Somali soldiers allegedly tortured former MP

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    NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

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    African countries challenged to fix infrastructure to boost trade

    African countries challenged to fix infrastructure to boost trade

    Kenya renews push by African nations to ditch dollar

    Kenya renews push by African nations to ditch dollar

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    Boost for Somalia as EU approves €20.5m budget support

    African pharmaceutical technology foundation receives endorsement

    African pharmaceutical technology foundation receives endorsement

    Prime Minister Barre in Egypt for the AfDB annual meeting

    Prime Minister Barre in Egypt for the AfDB annual meeting

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    Somalia meteorite: Joy as scientists find two new minerals

    Somalia meteorite: Joy as scientists find two new minerals

    Uganda successfully launches its first satellite into space

    Uganda successfully launches its first satellite into space

    Banaadir Hospital gets major upgrade from Chinese government

    Banaadir Hospital gets major upgrade from Chinese government

    Opinion: Could Somalia become the next Texas?

    PSA CONUNDRUM: Roble, Farmaajo were ‘supportive’, Coastline Exploration ‘perplexed’

    Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

    Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

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    Our partnership has resulted in stable and prospering Somalia, outgoing U.S ambassador says

    OP-ED: Thank you, Somalia

    Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

    Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

    Somalia set to attend this year’s Africa Oil Week

    The exploration of oil and gas in Somalia

    Climate change; a shared global concern

    Climate change; a shared global concern

    Somalia and the human rights debate in Central Asia

    Somalia and the human rights debate in Central Asia

    African nations demand climate change financing ahead of COP27

    African nations can’t ‘adapt’ to the climate crisis. Here’s what rich countries must do

    A deadly decade for Somalia’s journalists

    A deadly decade for Somalia’s journalists

    President Mohamud: There is no turning back. We must finish off Al-Shabaab

    President Mohamud: There is no turning back. We must finish off Al-Shabaab

    Left behind: Deeply broken Somalia

    Left behind: Deeply broken Somalia

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    • Home
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      • National
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    • Security
      EU naval force seizes 20 million euros worth narcotics in the Indian Ocean

      EU naval force seizes 20 million euros worth narcotics in the Indian Ocean

      Russia says ready to supply weapons to Somalia

      Russia says ready to supply weapons to Somalia

      Al-Shabaab kidnapped two chiefs in Gedo region

      U.S designates 26 individus for terrorism, charcoal smuggling in Somalia

      US airstrikes fail to weaken Al-Shabaab’s grip on Somalia

      AFRICOM fires airstrike against Al-Shabaab in Jilib, no casualties confirmed

      Two men executed for murder in south-western Somalia

      Two men executed for murder in south-western Somalia

    • Parliament
      President Mohamud says Parliament will have final say on NCC proposals

      President Mohamud says Parliament will have final say on NCC proposals

      Senate passes National ID and Registration bill

      Senate passes National ID and Registration bill

      REVEALED: Al-Shabaab mass destruction ahead of Sabiib fall

      ANTI-TERRORISM BILL: Somali gov’t to seize property of convicted terrorists

      Somalia’s Upper House approved National Audit Bill

      The Upper House postpones a critical bill

      Somalia’s Upper House approved National Audit Bill

      The power bill got the OKay from the Senate.

    • Education
      OP-ED: The journey of a book

      OP-ED: The journey of a book

      National Education Conference: Expanding access and quality education in Somalia

      National Education Conference: Expanding access and quality education in Somalia

      Education stakeholders call for reforms, standardisation and resource allocation

      Education stakeholders call for reforms, standardisation and resource allocation

      Somali students arrive in Serbia for scholarship programme

      Somali students arrive in Serbia for scholarship programme

      Five-day National Education Conference opens today in Mogadishu

      Five-day National Education Conference opens today in Mogadishu

    • Humanitarian Affairs
      Somalia could plunge into famine by June-FAO

      UN, major donors to mobilise drought response for Horn of Africa in New York

      FAO, HirShabelle appeal for urgent aid as floods wreak havoc in Hiiraan region

      FAO, HirShabelle appeal for urgent aid as floods wreak havoc in Hiiraan region

      Thousands at risk as floods wreak havoc across Somalia

      UN warns of looming floods in Bulo Burte in Hiiraan region

      Floods kill 22 people in Somalia-UN

      Floods kill 22 people in Somalia-UN

      Flooding In Somalia Displaces 200,000 People

      Flooding In Somalia Displaces 200,000 People

    • Diaspora Voices
      Saudi government donates food aid to thousands of families in Somalia

      Saudi government donates food aid to Somalia

      Mogadishu Port Remains Closed Over Tariff Dispute

      Former Somali lawmaker involved in Mogadishu twin explosions

      World expresses solidarity with Somalia after attack

      Somali soldiers allegedly tortured former MP

      Somali soldiers allegedly tortured former MP

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

      NUSOJ impasse deepens as ILO recognises Farouk as Secretary General

    • Business
      African countries challenged to fix infrastructure to boost trade

      African countries challenged to fix infrastructure to boost trade

      Kenya renews push by African nations to ditch dollar

      Kenya renews push by African nations to ditch dollar

      Boost for Somalia as EU approves €20.5m budget support

      Boost for Somalia as EU approves €20.5m budget support

      African pharmaceutical technology foundation receives endorsement

      African pharmaceutical technology foundation receives endorsement

      Prime Minister Barre in Egypt for the AfDB annual meeting

      Prime Minister Barre in Egypt for the AfDB annual meeting

    • Science & Tech
      Somalia meteorite: Joy as scientists find two new minerals

      Somalia meteorite: Joy as scientists find two new minerals

      Uganda successfully launches its first satellite into space

      Uganda successfully launches its first satellite into space

      Banaadir Hospital gets major upgrade from Chinese government

      Banaadir Hospital gets major upgrade from Chinese government

      Opinion: Could Somalia become the next Texas?

      PSA CONUNDRUM: Roble, Farmaajo were ‘supportive’, Coastline Exploration ‘perplexed’

      Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

      Controvery in Somalia as gov’t COVID-19 Twitter handle used to spread political messages

    • Opinion
      Our partnership has resulted in stable and prospering Somalia, outgoing U.S ambassador says

      OP-ED: Thank you, Somalia

      Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

      Somalia- Analysis: Could this be Somalia’s best chance to defeat Al-Shabab

      Somalia set to attend this year’s Africa Oil Week

      The exploration of oil and gas in Somalia

      Climate change; a shared global concern

      Climate change; a shared global concern

      Somalia and the human rights debate in Central Asia

      Somalia and the human rights debate in Central Asia

      African nations demand climate change financing ahead of COP27

      African nations can’t ‘adapt’ to the climate crisis. Here’s what rich countries must do

      A deadly decade for Somalia’s journalists

      A deadly decade for Somalia’s journalists

      President Mohamud: There is no turning back. We must finish off Al-Shabaab

      President Mohamud: There is no turning back. We must finish off Al-Shabaab

      Left behind: Deeply broken Somalia

      Left behind: Deeply broken Somalia

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      Somali Officials Misrepresent IMF Statements and Reports

      Saturday December 29, 2018
      in Articles, Business, Opinion
      A A
      Somalia inches closer to debt relief-IMF

      FILE

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      Somalia suffers from the disgraceful culture of leaders and politicians invoking deceptively legitimate documents like the Provisional Constitution for bolstering false claims and arguments or for obfuscating critical search for truth. That culture has undermined the requirement of truth, good faith, and accountability in the public life and dashed the public hope for the democratic state of Somalia governed by the rule of law and democratic values.

      Under such culture, federal government officials responsible on financial and economic affairs are frequently citing press statements or reports of the International Monetary Fund (IMF) staff as evidence supporting their claims of integrity and good performance in public financial management and economic accomplishments. Those officials are fully aware that their offices did not provide a comprehensive official account on budget execution in 2017 and 2018 (past 10 months), accumulated arrears, off-budget revenues, foreign aid shortfalls. Also, they did not respond to allegations of misuse of Saudi Arabia funds, fishing contracts with a Chinese company, monthly secret cash transfer from Qatar Government, and pervasive mismanagement of Mogadishu local government finances. The 2018 report of Financial Governance Committee (FGC)chaired by the Minister of Finance affirms, “The majority of the expenditures submitted by FGS at the end of 2017 for reimbursement under the non-salary component of the World Bank Recurrent Cost Reform Financing (RCRF) facility were deemed ineligible as agencies had failed to adhere to the required procurement processes.”

      Nothing said in the IMF Staff and Executive Board statements and reports support the financial integrity and accomplishments claimed by the federal government officials. To the contrary, the statements and reports describe the corruption, weak (repressive) governance, insecurity, and political conflicts prevailing in the country in 2017-2018. Therefore, the officials are either engaged in dishonest propaganda deliberately intended to mislead the public unfamiliar with the IMF staff statements and reports or lacked genuine comprehension of the information in the press statements and reports.

      The first paragraph of the press statement released on December 10, 2018, by Mohamed H. Elhage, team leader of IMF staff mission says, “the views expressed in this statement are those of the IMF Staff and do not necessarily represent the views of the IMF’ Executive Board. This mission will not result in a Board discussion.” From this, it should be clear that the informal agreement of Staff-Monitored Program (SMP) between Somali officials and IMF staff should be used in its limited sense.

      The SMP serves to establish a track record of the government behaviour on the implementation of economic policy reform and on governance.

      By the end of 2016, the implementation of SMP I was satisfactory. IMF Executive Board of Directors commended “the [Somali] authorities for the significant progress made in rebuilding the economy and restoring key economic and financial institutions in a difficult political and security environment.” That language has not been beaten after 2 years. The Somali officials should be embarrassed by the fact that they meet IMF staff in Nairobi, Kenya because the latter can’t visit the country since 2013 for security reasons.

      The cited press statement predicts the failure of achieving the projected 2018 GDP growth of 3.1 % and the Inflation rate of 3.5 % because of the fall of international support. This happens after the unfulfilled projection of 2017 GDP growth rate of 2.3 % and inflation rate 5.5 % two consecutive years of low or negative GDP growth worsens the poverty condition of the country.

      The Federal Government failed to tackle from inauguration the impediments to peacebuilding and state-building agenda extensively explained in SMPs, FGC report, 2017 London Partnership agreements and Security Pact. To the bewilderment of the majority, it chose to attack the Federal Member States and to disregard the rule of law, justice, respect of freedom of expression, assembly and movements, free and fair election, and respect of human rights, checks and balance, and accountability, by using violence, intimidation, and corruption. The international partners of the federal government – the UN,US, UK, EU, and AU – seem complacent about the destructive actions of a “triumvirate” who monopolized the state power to destroy the nascent democratic system of governance. Apparently, in Somalia, there is a shift from pro-democracy support to pro-autocracy support.

      The IMF staff statement specifically demands the approval of the Targeted Financial Sanctions Law and capacity development at the Financial Reporting Center (FRC) to safeguard the inflow of remittance in Somalia. It also stresses the acceleration of the financial sector reform, particularly strengthening the licensing and supervision department of the Central Bank of Somalia (CBS), and regulating the mobile money sector. The pace for Public Financial Management (PFM) reform is still disappointing.

      The IMF has offered the largest technical assistance Somalia in the area of fiscal and monetary policy reform, and institutional capacity building. Unfortunately, poor leadership, corruption and civil servants attrition, lack of transparency and debate within federal institutions have impaired the impact of SMP programs. To implement the wide-ranging elements of the SMPs, Somalia needs visionary, law-abiding, competent, and righteous leadership.

      Many SMPs will follow the end of SMP IIIin mid-2019 to achieve debt relief eligibility under the Initiative of Highly Indebted Poor Countries (HIPC). The international support is declining at a time Somalia needs strong support from creditors and donors for debt relief. Another hurdle to consider, IMF lacks the resources needed to cover Somalia’s debt relief if Somalia becomes eligible sometime in the future.

      The IMF staff supports from behind two initiatives pursued by the federal government: the currency printing and the preparation of Ninth National Development Plan (NDP9) for 2020-2024 which overlaps the Interim Poverty Reduction Strategy Paper (I-PRSP) required for debt relief process. The 1st phase of the currency reform will focus on printing only 1,000 banknote Somali Shilling. Not only lack of fund for currency printing but also lack of independence and weak institutional capacity of the CBS and confusion around the federal system would be major obstacles to currency reform and macroeconomic management in general.

      The two positive words for the federal government in the IMF staff statement are 1. the 8 million dollar excess over the estimated first 8-month domestic revenue of 2018; 2. the rhetorical commitment of the federal government to SMP implementation. However, there is a huge gap between the long list of urgently needed reforms to be fulfilled in the 4-year term and the current sluggish performance of the federal government despite the largest IMF technical assistance. The march towards peacebuilding and state-building is halted by the aggressive obsession with 2020/2021 reelection agenda, including the paralysis of the constitutional institutions for accountability and respect of the rule of law.

      Mr. Mohamud M Uluso

      mohamuduluso@gmail.com

       

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