Use of IMF credit | Somalia – yearly data, chart and table
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Per capita
In constant 2015 dollars
In local currency (average annual exchange rate)
In local currency (end-of-year exchange rate)
Per capita (local currency)
Share of GDP
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Overview
Outstanding IMF credit of Somalia in end-2023 amounted to 375 million USD, which is 42.04% less than in 2022, when it was 646 million USD. It has been falling in this country for already 2 years in a row. According to the whole period of statistics, since 1970, the IMF credit has not changed. The lowest value was recorded in 1977, with a value of 0 million USD. The maximum debt owed to the IMF of Somalia was in 2021, when it reached 650 million USD. Data on external debt are gathered through the World Bank's Debtor Reporting System (DRS). Long term debt data are compiled using the countries report on public and publicly guaranteed borrowing on a loan-by-loan basis and private non guaranteed borrowing on an aggregate basis.
Additional infomation:
About indicator
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.
