World BankUnited Nations2012-06-152012-06-152006-08https://hdl.handle.net/10986/8189Since 1991, the Somali economy has suffered from droughts, the absence of government, and local conflicts. Unlike the 1970s and 1980s when most of the output of the small industrial sector and many services were provided by the public sector, there has been significant (but unmeasured) private investment in commercial ventures, including in trade and marketing; money transfer services; transport; communications; airlines; telecommunications; other services including construction and hotels; education and health; and fishery equipment. In regard to the macroeconomic policy framework, the short to medium-term objectives are to: establish and maintain macroeconomic stability; develop a stable currency and a sound and growing public revenues base; establish core civil service institutions along with accountable budgetary processes, public finance management, and revenue systems; and reestablish financial services. In addition, it is important to establish data systems to secure the data needed to monitor social and economic developments and to inform sound policy and institutional development.en-USCC BY 3.0 IGOACCOUNTINGADMINISTRATIVE AUTONOMYARREARSARREARS ACCUMULATIONASSIGNMENT OF TAXESBALANCE OF PAYMENTSBANK CREDITBANK FINANCINGBANKING SECTORBANKING SERVICESBANKING SYSTEMBENEFICIARYBIDBROAD MONEYBUDGET DEFICITSBUDGETARY PROCESSESBUDGETARY SUPPORTBUDGETINGCAPACITY BUILDINGCENTRAL BANKCIVIL SERVICECIVIL WARCOMMERCIAL BANKCOMMERCIAL BANKINGCOMMERCIAL BANKSCOMMODITIESCOMMODITYCONSUMER GOODSCONSUMER PRICE INDEXCORPORATE GOVERNANCECOST OF COLLECTIONCREATION OF INSTITUTIONSCREDIBILITYCREDIT EXPANSIONCREDIT OUTSTANDINGCREDITORCREDITORSCURRENCYCURRENCY MARKETCURRENT ACCOUNT BALANCECURRENT ACCOUNT DEFICITDEBT MANAGEMENTDEBT OBLIGATIONSDEBT OUTSTANDINGDEBT POLICYDECENTRALIZATIONDEFICIT FINANCINGDEPOSITDEPOSITORSDEPOSITSDEVELOPING COUNTRIESDEVELOPMENT BANKDEVELOPMENT FINANCEDISCOUNT RATESDOMESTIC CURRENCYDOMESTIC ECONOMYECONOMIC DEVELOPMENTECONOMIC DEVELOPMENTSECONOMIC PERFORMANCEECONOMIC REFORMECONOMIC TRANSACTIONSELMIENABLING ENVIRONMENTENVIRONMENTAL SUSTAINABILITYEQUIPMENTEXCHANGE RATEEXCHANGE RATESEXCISE TAXESEXPENDITURESEXPORTEREXPORTERSEXTERNAL DEBTFACE VALUEFACTORS OF PRODUCTIONFEDERAL BUDGETFINANCIAL INFORMATIONFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT CAPACITYFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL SYSTEMFINANCIAL TRANSACTIONSFISCAL CAPACITYFISCAL DEFICITFISCAL DISCIPLINEFISCAL POLICYFOREIGN BANKSFOREIGN CURRENCYFOREIGN EXCHANGEFOREIGN EXCHANGE MARKETFOREIGN GOVERNMENTFOREIGN INVESTMENTGLOBAL DEVELOPMENT FINANCEGOVERNMENT DEBTGOVERNMENT EXPENDITUREGOVERNMENT REGULATIONGOVERNMENT REVENUEGOVERNMENT SECURITIESGROSS DOMESTIC PRODUCTGROSS NATIONAL PRODUCTHOUSEHOLD INCOMEHUMAN CAPITALHUMAN DEVELOPMENTINCOME INEQUALITYINCOME TAXINCOMESINFLATIONINFORMATION SYSTEMSINSTITUTION BUILDINGINSTITUTIONAL DEVELOPMENTINSURANCEINTEREST ARREARSINTEREST RATESINTERNATIONAL BORROWINGINTERNATIONAL DEVELOPMENTINTERNATIONAL MARKETSINTERNATIONAL RESERVESINTERNATIONAL TRADEINVESTINGINVESTMENT CLIMATEINVESTMENT FUNDJOB CREATIONJOINT VENTUREJOINT VENTURE PARTNERSJURISDICTIONLABOR MARKETSLAW ENFORCEMENTLEGAL FRAMEWORKLEGAL FRAMEWORKSLEGAL REFORMLEVYLIFE EXPECTANCYLOCAL CURRENCYLOCAL GOVERNMENTLOCAL GOVERNMENTSLOCAL MARKETSMACROECONOMIC POLICIESMACROECONOMIC POLICYMACROECONOMIC STABILITYMARKET CONDITIONSMARKET PRICEMARKET PRICESMICROCREDITMICROFINANCEMICROFINANCE INSTITUTIONSMISMANAGEMENTMOBILE PHONESMONETARY AUTHORITIESMONETARY AUTHORITYMONETARY FINANCINGMONETARY FUNDMONETARY POLICYMONEY CREATIONMONEY SUPPLYMULTILATERAL DEVELOPMENTMULTILATERAL DEVELOPMENT BANKSNATIONAL CURRENCYNEW MARKETSOIL PRICESOUTPUTOUTSTANDING DEBTOVERDRAFT FACILITYPAYMENTS SYSTEMPERSONAL COMPUTERSPERSONAL INCOMEPOLITICAL CONSIDERATIONSPOWER PARITYPRESENT VALUEPRICE STABILITYPRICE VOLATILITYPRIVATE INVESTMENTPRIVATE INVESTMENTSPRIVATE SAVINGSPRIVATE SECTOR DEVELOPMENTPRIVATE SECTOR GROWTHPROPERTY RIGHTSPRUDENTIAL REGULATIONSPUBLIC DEBTPUBLIC ENTERPRISESPUBLIC FINANCEPUBLIC INVESTMENTPUBLIC SERVICESPURCHASING POWERREAL SECTORREFORM PROGRAMSREMITTANCEREMITTANCESRESERVERESERVE REQUIREMENTSRESERVESRETURNSRULE OF LAWRURAL INFRASTRUCTURESAVINGSSOCIAL INVESTMENTSOCIAL SERVICESSTABLE LOCAL CURRENCYSUSTAINABLE DEVELOPMENTTAXTAX ADMINISTRATIONTAX EXEMPTIONSTAX POLICYTAX RATESTAX SYSTEMTAX SYSTEMSTELECOMMUNICATIONSTEMPORARY FINANCINGTOTAL DEBTTRACK RECORDTRADE FLOWSTRADE TAXESTRANCHETRANSPARENCYTRANSPORTTRUST FUNDTURNOVERWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/8189