Publication:
Creating Markets in Somalia: Unlocking Private Sector-Led Growth at a Critical Juncture of Somalia’s Development - Country Private Sector Diagnostic

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dc.contributor.authorInternational Finance Corporation
dc.date.accessioned2025-01-21T21:03:01Z
dc.date.available2025-01-21T21:03:01Z
dc.date.issued2025-01-21
dc.description.abstractThis Country Private Sector Diagnostic (CPSD) was conducted at a challenging but promising juncture in Somalia’s development journey. Because the Federal Government of Somalia’s (FGS’s) fiscal space and institutional capacity to deliver public goods and services are limited, marshaling the private sector for development outcomes is crucial. Thus, there is an urgent need for a diagnostic that explores the most viable path toward the type of broad-based private sector-led growth that will help Somalia move away from its current predicament. To this end, and in line with the established World Bank CPSD methodology, this report provides an impartial assessment of the state of the private sector, analyzes cross-cutting and sectoral constraints to private sector development, recommends policies and reforms to mitigate these constraints, and identifies opportunities for increased private sector engagement in the country. The analysis and recommendations of the CPSD will inform Somalia’s reform agenda despite the scarcity of information in the country. By assessing critical constraints to the private sector and identifying the policies and regulatory reforms needed to unleash private investments with strong development impact, the CPSD lays the foundation for an integrated response that includes both private and public sector perspectives, expertise, and solutions. Thus, the CPSD will inform the World Bank country engagement process in Somalia, with its insights and recommendations aligned with and integrated into World Bank strategic documents like the risk and resilience assessment and the country partnership framework. The CPSD can also be leveraged to inform the Somali government’s broader reform agenda, such as the National Development Plans, and facilitate the engagement of various stakeholders in the process.en
dc.identifierhttp://documents.worldbank.org/curated/en/099720301202532976/IDU1a882335a17fcf140241a3ee1c0bd1c806169
dc.identifier.doi10.1596/42708
dc.identifier.urihttps://hdl.handle.net/10986/42708
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.relation.ispartofseriesCountry Private Sector Diagnostic
dc.rightsCC BY-NC 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by-nc/3.0/igo
dc.subjectDEVELOPMENT
dc.subjectPRIVATE INVESTMENT
dc.subjectPRIVATE SECTOR
dc.subjectBUSINESS AND TRADE ENVIRONMENT
dc.subjectNATIONAL DEVELOPMENT PLANS
dc.subjectGOVERNMENT REFORMS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.titleCreating Markets in Somaliaen
dc.title.subtitleUnlocking Private Sector-Led Growth at a Critical Juncture of Somalia’s Development - Country Private Sector Diagnosticen
dc.typeReport
dspace.entity.typePublication
okr.date.disclosure2025-01-21
okr.date.doiregistration2025-04-14T11:49:31.459386Z
okr.date.lastmodified2025-01-20T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/099720301202532976/IDU1a882335a17fcf140241a3ee1c0bd1c806169
okr.guid099720301202532976
okr.identifier.docmidIDU-a882335a-7fcf-4024-a3ee-c0bd1c806169
okr.identifier.externaldocumentum34447294
okr.identifier.internaldocumentum34447294
okr.identifier.report196487
okr.import.id6387
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099720301202532976/pdf/IDU1a882335a17fcf140241a3ee1c0bd1c806169.pdfen
okr.region.countrySomalia
okr.region.geographicalAfrica
okr.topicPrivate Sector Development
okr.topicGovernance
okr.unitEFI-AFR1-FCI-Finance-1 (EAEF1)
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Private Sector Development, Privatization, and Industrial Policy