Somalia programs / Somalia project 649-0118 · 1982 · financial sector
Commodity import program (CIP) for FY 1982 to provide balance of payments support to the Government of Somalia (GOS). Imports will be limited to the agricultural, agro-industrial, and the private manufacturing sectors and will include items such as fertilizer, cement, trucks, and machinery. The public sector will receive 66% of the program total of $15 million and the private sector 34%. An additional $5 million will be added to the program if and when funds are available. Local currency generations will be used for mutually agreed upon development purposes. The GOS covenants to: (1) adhere to the IMF stabilization program; (2) improve the efficiency of the public agricultural and agro-industrial sectors; (3) reform the investment code; (4) provide economic incentives to encourage retention of skilled personnel; (5) implement policy reforms aimed at stimulating savings; (6) reform the foreign exchange allocation and import licensing systems; and (7) work with the World Bank to form a consultative group to coordinate future donor assistance.
Source: DEC abstract, PD-BAI-785 (1982). The source's own text.
Operated in: Somalia.
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Operated in Somalia, 1982 1 source
Scope: country: Somalia. The award code belongs to this country's mission. High confidence.
How sure we are: 0.9.
| Name | Years | Basis | Evidence |
|---|---|---|---|
| USAID. Mission to Somalia | 1982 | Stated in a document | 1 source |
| Name | Years | Basis | Evidence |
|---|---|---|---|
| Somalia | 1982 | Stated in a document | 1 source |
Sector profile (computed): Financial sector (banks, credit, microfinance, markets) 50%; Private sector competitiveness 14%; Good governance 9%
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Program key prj:6490118