IMF recognizes Somali government, offers economic advice WASHINGTON (Reuters) - The International Monetary Fund officially recognized the Somali government on Friday, ending a 22-year hiatus and allowing the Fund to provide economic policy advice to Somalia. The move opens the way for donors and other development banks to resume relations with Somalia, whose economy is in tatters after more than two decades of conflict. Donors are expected to meet officials from the World Bank and International Monetary Fund during meetings of world finance leaders in Washington next week. "The decision is consistent with broad international support and recognition of the federal government," the IMF said in a statement. The IMF said, however, that it will not be able to approve lending to Somalia until the government clears $352 million (229.4 million pounds) in debt it owes to the IMF. The United States has said it will work with the World Bank and the IMF to help Somalia clear the debt. The country also owes the World Bank about $250 million, which is preventing the institution from providing development aid to the government. Major Western donors, including the United States, Britain and countries in Europe, have slowly been re-engaging with the Mogadishu government since the election of President Hassan Sheikh Mohamud last year. It was the first vote of its kind since warlords toppled military dictator Mohamed Siad Barre in 1991. In subsequent years, al Qaeda-linked al Shabaab insurgents seized control of large swathes of the south and central parts of the country. An African Union force has had some success in driving the insurgents out of the capital. (Reporting by Lesley Wroughton; Editing by Christopher Wilson and Paul Simao) http://uk.news.yahoo.com/imf-recognizes-somali-government-offer-economic-advice-220146734.html#kgZqAsC

"Somalia however still owes some $352 million to the Fund" Really?

The International Monetary Fund recognized the Federal Government of Somalia Friday, ending a 22-year break in relations that could lead to IMF technical and policy support to the country. "The International Monetary Fund today recognized 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. "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. Somalia however still owes some $352 million to the Fund, and so is currently ineligible for any new financing. http://za.news.yahoo.com/imf-recognizes-somalia-government-225338599.html

Wadani, My bad, I might have temporarily confuse you with Apo

^lool you didn't take the bait.....

Sliding on black ice is fun till you get hit.

^LOL I haven't actually read the thing. I fear I might lose couple more brain cells.

^If you applaud killing women and children, what kind of sick twist are you ninyahow.

raula...Are there any efforts by Somali women in the diaspora to elevate or eliminate this horrid situation. I would imagined this would have been one issue that unites Somali women abroad. p.s. I am not abdicating our responsibility towards our women but an effort by Somali women in the West might go long way to end the situation.

Gheelle.T Carafaat is always supportive of his clan enclave. It's other tribal enclaves he has problem with.

lol

Jb has just become Osman.

Saalax is begining to sound like Musa Suudi http://www.youtube.com/watch?feature=player_embedded&v=2Ea_QiB0uOc" frameborder="0" allowfullscreen>

The UN is not southern:D

Ngonge. Xaaji was looking for ANY Somali to stop Oromo expansion into Somaligalbeed. I doubt he will reconsider his stance on Oromos. So does this count include Khaatumo and Maakhir?

Ngonge....Tell Xaaji he's needed here today before all Slanders are branded laangaab.

Xaaj disagrees with this sh!t.

Click

D.O.C;936851 wrote: Xamar reer somaliland baa dhistay berigii kacaanka, maanta waxa ka markhaatiya inay dhaqaajin waayeen dadka sheegtaa lol. Stop sniffing your behind, it's unhealthy and tad detrimental to your common sense.

How so?

http://www.hiiraan.com/news4/2013/apr/28834/ogeysiis_ogeysiis_ogeysiis_ogeysiis.aspx

Ku: Ciddii ay Khusayso Og: Shacabka Soomaaliyeed Og: Dowladda Hoose ee Muqdisho Og: Hay’adaha/ Dulaaliinta wax kala gada ee Muqdisho Ujeeddo: Digniin Warshad ku taal Wadada Jaziira Anigoo ah Cabdullahi Nuur Guleed oo loo yaqaan Gurguurte ahna milkiilaha Guled Furniture Factory, waxaan la socodsiinaa isla markaana ogaysiinaa ciddi ay khusayso sida Shacabka Soomaaliyeed iyo Maamullada sharafta leh ee kor ku xusan in dhulka Warshaddii Moobil-ka (Guled Furniture Factory) ee ku yaal Jaziira uu yahay milkidayda. Waxaan sidoo kale ogaysiinaa, ugana digaa shacabka Soomaaliyeed in aan la isku gadan ama la kiraysan ama si kale loogu takri falin dhulkaas. Dhulkaas dokumentigiisa wuxuu dhumay xilligii dagaalka sokeeye, gaar ahaan in uu ku dhumay ama ku gubtay Guled Hotel sagaashameeyadii. Dhulkaas waxa weli ku yaal derbi wareegsan iyo dhismihii Warshaddii Moobil-ka (ama Furniture) oo uu bur-bur lixaad leh gaaray sida ka muuqato sawirrada. Waad ku mahadsantiin. Wabillahi Towfiiq, Cabdullahi Nuur Guuleed (Gurguurte)

Only few are blessed with such political and military acumen.

Fanatics are useful as long as you have means to subdue them once they have served their purpose.

^Everything you mentioned has been done to stabilize the South, The West have tried different ways to contain the South and none have proven successful including ill-advised Ethiopian invasion. They have finally figured out that one needs to empower the locals if there is any hope to see a stable South. The purpose is to deny AS and its foreign elements large swathes of land in which to operate.To that end, these latest efforts have been successful but they are not answer to the larger Somali problem which Somaliland happens to be part of it.