[QODLink]
Africa

IMF recognises Somalia government

Decision ends 22-year break in relations, though Somalia remains ineligible for new IMF financing because of past debts.

Last Modified: 12 Apr 2013 23:39
Email Article
Print Article
Share article
Send Feedback

The International Monetary Fund has recognised the government of Somalia, ending a 22-year break in relations that could lead to IMF technical and policy support to the country.

"The International Monetary Fund today recognised the Federal Government of Somalia, headed by President Hassan Sheikh Mohamud, paving the way for the resumption of relations after a 22-year interval," the IMF said in a statement on Friday.

"The decision is consistent with broad international support and recognition of the federal government."

Somalia has been an IMF member since 1962, but relations broke after the civil war of the early 1990s left the country with "no government with which the Fund could deal."

Mohamud's new government, which took office in September 2012, "has since enjoyed considerable support, including from the United Nations, the African Union, the European Union, the Organization of Islamic Cooperation, and many IMF member countries," the IMF said.

Ineligible for new financing

Somalia, however, still owes some $352 million to the Fund, and so is currently ineligible for any new financing.

The country has been enmeshed in civil conflict and chronic fighting between warlords since the fall of dictator Mohamed Siad Barre in 1991.

A transitional government, backed by an African force, is starting to establish itself after major victories against al-Shabab, a violent group with links to al-Qaeda.

Shabab are considered to be on their back foot, having lost a string of key towns in recent months to African Union forces, Somali troops and Ethiopian soldiers.

The UN Security Council last month suspended the arms embargo against Somalia for a year, easing the oldest international weapons blockade to help the government take on Islamist militants.

But Washington believes the group remains a threat to stability in the Horn of Africa and beyond. In 2010, Shabab is believed to have been behind suicide bombings in Uganda, and earlier this year claimed to execute a French hostage.

316

Source:
AFP
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
As Western stars re-release 1980s charity hit, many Africans say it's a demeaning relic that can do more harm than good.
At least 25 tax collectors have been killed since 2012 in Mogadishu, a city awash in weapons and abject poverty.
Tokyo government claims its homeless population has hit a record low, but analysts - and the homeless - beg to differ.
3D printers can cheaply construct homes and could soon be deployed to help victims of catastrophe rebuild their lives.
Featured
Pro-Russia leaders' election in Ukraine's east shows bloody conflict is far from a peaceful resolution.
Critics challenge Canberra's move to refuse visas for West Africans in Ebola-besieged countries.
A key issue for Hispanics is the estimated 11.3 million immigrants in the US without papers who face deportation.
In 1970, only two mosques existed in the country, but now more than 200 offer sanctuary to Japan's Muslims.
Hundreds of the country's reporters eke out a living by finding news - then burying it for a price.