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LOD data

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

Somalia

Status

activity_status.2

Aid type

Debt relief

Somalia


Location

-

€ 9,000,000
Committed
€ 8,832,188
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
2025 € 0 € -167,811
2022 € 0 € 6,000,000
2021 € 9,000,000 € 3,000,000

Agency

Type Name Channel code
organisation_type.10 AICS - Italian Agency for Cooperation and Development 11000

Channel reported

Type Name Channel code
organisation_type.40 IMF - FONDO MONETARIO INTERNAZIONALE 43000

Project data

  • IATI IdentifierXM-DAC-6-4-012257-01-0
  • CRS Activity identifier2021000134
  • AID012257/01/0
  • activity_date_type.1 2020/03/25
  • activity_date_type.3 2026/12/31
  • activity_date_type.2 2021/03/31
  • activity_date_type.4 -
  • Bi/Multilateral collaboration_type.1
  • Status activity_status.2
  • Tied status tied_status.5

Sectors

  • 15111 - Public finance management (PFM) 100.0%

Policy markers

  • policy_marker.1 policy_significance.0
  • policy_marker.10 policy_significance.0
  • policy_marker.11 policy_significance.0
  • policy_marker.12 policy_significance.0
  • policy_marker.2 policy_significance.0
  • policy_marker.3 policy_significance.2
  • policy_marker.4 policy_significance.0
  • policy_marker.5 policy_significance.0
  • policy_marker.6 policy_significance.0
  • policy_marker.7 policy_significance.0
  • policy_marker.8 policy_significance.0
  • policy_marker.9 policy_significance.0

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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