[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109654-en":3,"doc-seo-109654-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},109654,13056703019404,"Miles","https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0",8,"Research & Report","Somalia Reengagement and Reform Development Policy Financing - Chair Summary - February 27, 2020","The Chair Summary records Executive Directors’ approval of two grants to support Somalia’s Reengagement and Reform Development Policy Financing: an arrears clearance set-aside grant of SDR 271.2 million and an IDA Turn-Around Regime grant of SDR 32.6 million. The operation is expected to clear Somalia’s arrears to IDA, restore access to World Bank Group financing, and build on progress stabilizing macroeconomic conditions. Directors highlight reforms in debt, public financial management, revenue mobilization, and private sector governance, while urging risk mitigation for insecurity, political tensions, and climate shocks.","Public Disclosure Authorized Public Disclosure Authorized  \nThe Federal Republic of Somalia: Reengagement and Reform Development Policy Financing  \nChair Summary*  \nFebruary 27, 2020  \nThe Executive Directors approved an arrears clearance set-aside grant in the amount of SDR 271.2 million (US$375.0 million equivalent) and an IDA Turn-Around Regime grant in the amount of SDR 32.6 million (US$45.0 million equivalent) to the Federal Republic of Somalia for the Reengagement and Reform Development Policy Financing. Directors welcomed this operation that will facilitate the clearance of Somalia’s arrears to IDA and restore Somalia’s access to the full range of available World Bank Group (WBG) financing instruments. They also thanked Norway for providing bridge financing.  \nDirectors commended Somalia for the progress in stabilizing the macroeconomic environment, restoring fiscal management systems needed to provide core public services, and laying the foundation for a competitive private sector that can generate jobs and reduce poverty. They welcomed the critical policy and institutional reforms implemented by the Government in areas of debt and public financial management, revenue mobilization, and private sector governance.  \nDirectors acknowledged the risks to reform and economic recovery in Somalia, including those stemming from climate shocks. They expressed concerns about continued insecurity, political tensions between state and national governments, which if not addressed could threaten the significant progress Somalia has made in recent years. They encouraged staff to use this historic opportunity to help build a strong inter-governmental fiscal framework to ensure peace and prosperity for all, build human capital, increase the country’s resilience to climate change and other shocks, and foster inclusive economic growth. They also encouraged the WBG to continue work with other development partners, and to play a leading role in the coordination of economic and institutional reforms through an effective country platform. They requested an indicative roadmap with planned reforms and actions, which will be included in the next Performance and Learning Review, together with a strong monitoring mechanism.  \n* This summary is not an approved record.","cbCaiiMphy0AjIsJ","https://ap.wps.com/l/cbCaiiMphy0AjIsJ","pdf",79753,6,1,"English","en",105,"# Grants approval and purpose\n## Arrears clearance and restored financing access\n# Progress and reforms highlighted\n## Macroeconomic stabilization\n## Debt and public financial management\n## Revenue and private sector governance\n# Key risks and requested next steps\n## Insecurity and political tensions\n## Climate shocks and reform resilience\n## Roadmap, monitoring, and partner coordination","[{\"question\":\"What financing was approved for Somalia under this operation?\",\"answer\":\"Executive Directors approved an arrears clearance set-aside grant of SDR 271.2 million and an IDA Turn-Around Regime grant of SDR 32.6 million for Somalia’s Reengagement and Reform Development Policy Financing.\"},{\"question\":\"How will the approved operation affect Somalia’s access to financing instruments?\",\"answer\":\"It is intended to facilitate clearance of Somalia’s arrears to IDA, helping restore access to the full range of World Bank Group financing instruments.\"},{\"question\":\"What risks and concerns did Directors raise regarding reform and recovery?\",\"answer\":\"Directors cited risks from climate shocks and expressed concerns about continued insecurity and political tensions between state and national governments that could undermine recent progress.\"}]","Somalia Reengagement and Reform Development Policy Financing - Chair Summary - February 27, 2020 | PDF",1784481748,3,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"somalia-reengagement-and-reform-development-policy-financing-chair-summary-february-27-2020","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,50],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":29},"https://docshare.wps.com/document/research-report/",{"item":51,"name":13,"@type":43,"position":52},"https://docshare.wps.com/document/somalia-reengagement-and-reform-development-policy-financing-chair-summary-february-27-2020/109654/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What financing was approved for Somalia under this operation?","Question",{"text":75,"@type":76},"Executive Directors approved an arrears clearance set-aside grant of SDR 271.2 million and an IDA Turn-Around Regime grant of SDR 32.6 million for Somalia’s Reengagement and Reform Development Policy Financing.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How will the approved operation affect Somalia’s access to financing instruments?",{"text":80,"@type":76},"It is intended to facilitate clearance of Somalia’s arrears to IDA, helping restore access to the full range of World Bank Group financing instruments.",{"name":82,"@type":73,"acceptedAnswer":83},"What risks and concerns did Directors raise regarding reform and recovery?",{"text":84,"@type":76},"Directors cited risks from climate shocks and expressed concerns about continued insecurity and political tensions between state and national governments that could undermine recent progress.","https://schema.org",{"og:url":51,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,114,119,122,127,130,134],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},"Technology",50,"technology",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":120,"slug":121},30,"research-report",{"id":123,"doc_module":4,"doc_module_name":46,"category_name":124,"show_sort_weight":125,"slug":126},9,"Religion & Spirituality",20,"religion-spirituality",{"id":125,"doc_module":4,"doc_module_name":46,"category_name":128,"show_sort_weight":125,"slug":129},"World Cup","world-cup",{"id":131,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":131,"slug":133},10,"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]