Publication:
Somalia Economic Update, October 2015: Transition Amid Risks with a Special Focus on Intergovernmental Fiscal Relations

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dc.contributor.authorWorld Bank Group
dc.date.accessioned2015-12-08T20:36:10Z
dc.date.available2015-12-08T20:36:10Z
dc.date.issued2015-10
dc.description.abstractSomalis face a daunting development challenge to overcome the legacy of two decades of sustained conflict and fragility, but substantial progress is now being made. Since 1991 and the collapse of the Siad Barre regime, Somalia has experienced cycles of conflict and fragility that fragmented the country, undermined legitimate institutions, and created widespread vulnerability. The new government that emerged following the Transitional Federal Government and the Roadmap to End the Transition in 2012 inherited a dysfunctional economy facing high levels of poverty and inequality, a youth bulge, high unemployment, and large infrastructure gaps. Against a backdrop of political progress marked by the emergence of new Federal Member States (FMSs) within the new constitutional framework and continued insecurity, the Federal Government of Somalia (FGS) has embarked on a process of structural, legislative, and institutional reform. The economy is starting to respond: Somalis are returning from abroad to invest, shops are opening, and the property market is booming. This is the first economic update for Somalia since the 2005 World Bank country economic memorandum for Somalia. The long conflict made monitoring of economic and social data nearly impossible since the late 1980s. With the relative stability of the past few years, new data have become available. The update is divided into two parts. Part one presents information on the social, economic, and governance status of Somalia. Part two focuses on intergovernmental fiscal relations.en
dc.identifierhttp://documents.worldbank.org/curated/en/2015/11/25468667/somalia-economic-update-transition-amid-risks-special-focus-intergovernmental-fiscal-relations
dc.identifier.doi10.1596/23240
dc.identifier.urihttps://hdl.handle.net/10986/23240
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Nairobi, Kenya
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectGOVERNMENT ENTITIES
dc.subjectFINANCIAL SERVICES
dc.subjectREGULATORY FRAMEWORK
dc.subjectBUDGET MANAGEMENT
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectINTERGOVERNMENTAL FISCAL SYSTEM
dc.subjectSOCIALISM
dc.subjectNATIONAL ACCOUNTS
dc.subjectPUBLIC PROCUREMENT
dc.subjectCONSTITUTIONAL DESIGN
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCING
dc.subjectFISCAL STRESS
dc.subjectSTATE COLLAPSE
dc.subjectSTATE ADMINISTRATION
dc.subjectCONSTITUTIONAL ARRANGEMENTS
dc.subjectDECISION-MAKING PROCESS
dc.subjectPUBLIC SECTOR
dc.subjectGOVERNMENT
dc.subjectFINANCIAL ASSISTANCE
dc.subjectFISCAL EQUALIZATION
dc.subjectNATIONS
dc.subjectADMINISTRATIVE REGIONS
dc.subjectGOVERNMENT REVENUES
dc.subjectRESPONSIBILITY
dc.subjectLOCAL GOVERNMENTS
dc.subjectPOLITICIANS
dc.subjectFINANCIAL RESOURCES
dc.subjectBUDGET REVENUES
dc.subjectACCOUNTABILITY MECHANISMS
dc.subjectFISCAL POLICY
dc.subjectCONFEDERATION
dc.subjectTAX AUTHORITY
dc.subjectTAX ADMINISTRATIONS
dc.subjectAUTHORITIES
dc.subjectASSET MANAGEMENT
dc.subjectCORRUPTION
dc.subjectNATIONAL LEVEL
dc.subjectINDEPENDENCE
dc.subjectOVERSIGHT
dc.subjectMINISTERS
dc.subjectFISCAL CAPACITY
dc.subjectLACK OF CREDIT
dc.subjectBUDGET EXPENDITURES
dc.subjectGOVERNMENT LEVEL
dc.subjectSTATES
dc.subjectSTATE INSTITUTIONS
dc.subjectREVENUE CAPACITY
dc.subjectEXECUTION
dc.subjectAUTHORITY
dc.subjectLEGISLATIVE ASSEMBLIES
dc.subjectPUBLIC FUNDS
dc.subjectEMBEZZLEMENT
dc.subjectLEVELS OF GOVERNMENT
dc.subjectDEMOCRACY
dc.subjectMUNICIPAL GOVERNMENTS
dc.subjectGOVERNMENT SYSTEMS
dc.subjectMINISTRIES
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectMEMBERS OF PARLIAMENT
dc.subjectLOCAL GOVERNMENT
dc.subjectLEGISLATION
dc.subjectINSTITUTIONAL ARRANGEMENTS
dc.subjectSTATE INCOME
dc.subjectPUBLIC FINANCE
dc.subjectDICTATORSHIP
dc.subjectEXPENDITURE MANAGEMENT
dc.subjectGOVERNANCE INDICATORS
dc.subjectBUDGET DEFICIT
dc.subjectSOCIAL SECURITY
dc.subjectREPRESENTATIVES
dc.subjectGOVERNMENT RESOURCES
dc.subjectSUBNATIONAL GOVERNMENT
dc.subjectTAX REVENUES
dc.subjectCOUNCILS
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL SYSTEM
dc.subjectUPPER HOUSE
dc.subjectLEGAL FRAMEWORK
dc.subjectSOCIAL REFORMS
dc.subjectDOMESTIC TRADE BARRIERS
dc.subjectTAX RECEIPTS
dc.subjectPUBLIC INVESTMENT
dc.subjectFEDERAL STATES
dc.subjectGOVERNMENT SERVICES
dc.subjectEXPENDITURE
dc.subjectFISCAL
dc.subjectREGULATORY FRAMEWORKS
dc.subjectACCOUNTABILITY
dc.subjectTAX RATE
dc.subjectMEMBER STATES
dc.subjectCOLONIES
dc.subjectSOCIAL JUSTICE
dc.subjectTRANSPARENCY
dc.subjectCENTRAL BANK MANAGEMENT
dc.subjectSTATE GOVERNMENT
dc.subjectPUBLIC EXPENDITURE
dc.subjectLEGAL REFORM
dc.subjectCOMPROMISE
dc.subjectENACTMENT
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectGOVERNMENT FINANCE
dc.subjectSOCIAL POLICY
dc.subjectINTERGOVERNMENTAL TRANSFER
dc.subjectLACK OF ACCOUNTABILITY
dc.subjectINTERGOVERNMENTAL TRANSFERS
dc.subjectCENTRAL GOVERNMENT
dc.subjectSOCIOECONOMIC DEVELOPMENT
dc.subjectINTERGOVERNMENTAL SYSTEM
dc.subjectFEDERATIONS
dc.subjectVETO
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT LEVELS
dc.subjectDECISION-MAKING
dc.subjectDECISION MAKING
dc.subjectPRESIDENTIAL ELECTIONS
dc.subjectSENATE
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectFEDERAL GOVERNMENT
dc.subjectPUBLIC INSTITUTIONS
dc.subjectFOREIGN EXCHANGE
dc.subjectREPRESENTATION
dc.subjectSTATE AUTONOMY
dc.subjectREGULATION
dc.subjectSTATE BUDGET
dc.subjectNATIONALS
dc.subjectCONSTITUTIONS
dc.subjectASSASSINATION
dc.subjectPUBLIC DEBT
dc.subjectCITIZENS
dc.subjectLOWER HOUSE
dc.subjectADMINISTRATION
dc.subjectCONSTITUTION
dc.subjectREVENUE COLLECTION
dc.subjectGOVERNANCE
dc.subjectINSTITUTIONAL REFORM
dc.subjectPRIVATE SECTOR INVESTMENT
dc.subjectENFORCEMENT
dc.subjectTAXATION
dc.subjectSOCIAL SECTORS
dc.subjectPRESIDENTS
dc.subjectGOVERNMENT STATISTICS
dc.subjectLEGAL DRAFTING
dc.subjectCONSENSUS
dc.subjectSTATE
dc.subjectCITIZENSHIP
dc.subjectREGIONS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectPUBLIC PROCUREMENT SYSTEM
dc.subjectREPUBLICS
dc.subjectHUMAN RESOURCES
dc.subjectMINISTRY OF FINANCE
dc.subjectTAX SYSTEM
dc.subjectFISCAL MANAGEMENT
dc.subjectFISCAL REFORM
dc.subjectFEDERATION
dc.subjectFISCAL SITUATION
dc.subjectJUDICIARY
dc.subjectTAX ADMINISTRATION
dc.subjectDECENTRALIZATION
dc.subjectFEDERALISM
dc.subjectGOVERNMENT STRUCTURES
dc.subjectREHABILITATION
dc.subjectLAW
dc.subjectFINANCIAL SUPPORT
dc.subjectTAX REFORM
dc.subjectAUDIT
dc.subjectLEGITIMACY
dc.subjectBUDGETARY FUNDS
dc.subjectFINANCIAL SECTOR
dc.subjectGOVERNMENTS
dc.subjectEXECUTIVE INSTITUTIONS
dc.subjectLACK OF ACCOUNTABILITY MECHANISMS
dc.subjectELECTED REPRESENTATIVES
dc.subjectFISCAL DECENTRALIZATION
dc.subjectCONSTITUTIONAL COURTS
dc.subjectDISTRICTS
dc.subjectINTERGOVERNMENTAL FISCAL RELATIONS
dc.subjectFOREIGN ASSISTANCE
dc.subjectCOUNCIL OF MINISTERS
dc.subjectSOCIAL TRUST
dc.titleSomalia Economic Update, October 2015en
dc.title.subtitleTransition Amid Risks with a Special Focus on Intergovernmental Fiscal Relationsen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.date.disclosure2015-11-16
okr.date.doiregistration2025-05-07T08:57:14.538736Z
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2015/11/25468667/somalia-economic-update-transition-amid-risks-special-focus-intergovernmental-fiscal-relations
okr.guid247911468197970788
okr.identifier.externaldocumentum090224b0831bee3e_1_0
okr.identifier.internaldocumentum25468667
okr.identifier.report100964
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/16/090224b0831bee3e/1_0/Rendered/PDF/Somalia0econom0tal0fiscal0relations.pdfen
okr.region.administrativeAfrica
okr.region.countrySomalia
okr.sectorPublic Administration, Law, and Justice
okr.sectorIndustry and trade
okr.themeEconomic management :: Analysis of economic growth
okr.themeEconomic management :: Macroeconomic management
okr.themeEconomic management :: Debt management and fiscal sustainability
okr.themeEconomic management :: Economic statistics, modeling and forecasting
okr.topicFinance and Financial Sector Development::Banks & Banking Reform
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicGovernance::National Governance
okr.topicMacroeconomics and Economic Growth::Subnational Economic Development
okr.unitGMF Africa 2 (GMF07)
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