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LOD data

Contribution to the Somalia Administered Account of the IMF, HIPC (Highly Indebted Poor Country) Initiative.

Somalia

Status

Finalisation

Aid type

Debt relief

Somalia


Location

-

€ 9,000,000
Committed
€ 9,000,000
Used

Description

In 1996, the World Bank and IMF launched the HIPC Initiative to create a framework in which all creditors, including multilateral creditors, can provide debt relief to the worlds poorest and most heavily indebted countries to ensure debt sustainability, and thereby reduce the constraints on economic growth and poverty reduction imposed by the unsustainable debt-service burdens in these countries. To date, 37 HIPC countries, including Somalia, have reached their decision points, of which 36 have reached the completion point. read more close
Year Committed Used
2022 € 0 € 6,000,000
2021 € 9,000,000 € 3,000,000

Agency

Type Name Channel code
Government AICS - Italian Agency for Cooperation and Development 11000

Channel reported

Type Name Channel code
Multilateral IMF - FONDO MONETARIO INTERNAZIONALE 43000

Project data

  • IATI IdentifierXM-DAC-6-4-012257-01-0
  • AID012257/01/0
  • CRS Activity identifier2021000134
  • Planned start 2020/03/25
  • Planned End 2022/03/25
  • Actual start 2021/03/31
  • Actual end -
  • Bi/Multilateral Bilateral
  • Status Finalisation
  • Tied status Untied

Sectors

  • 15111 - Public finance management (PFM) 100.0%

Policy markers

  • Gender Equality not targeted
  • Disaster Risk Reduction(DRR) not targeted
  • Disability not targeted
  • Nutrition not targeted
  • Aid to Environment not targeted
  • Participatory Development/Good Governance not targeted
  • Trade Development not targeted
  • Aid Targeting the Objectives of the Convention on Biological Diversity not targeted
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Mitigation not targeted
  • Aid Targeting the Objectives of the Framework Convention on Climate Change - Adaptation not targeted
  • Aid Targeting the Objectives of the Convention to Combat Desertification not targeted
  • Reproductive, Maternal, Newborn and Child Health (RMNCH) not targeted

SDGs

  • 17.4 - Assist developing countries in attaining long-term debt sustainability through coordinated policies aimed at fostering debt financing, debt relief and debt restructuring, as appropriate, and address the external debt of highly indebted poor countries to reduce debt distress
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