FILE PHOTO: A security guard wearing a protective mask stands outside the headquarters of the International Monetary Fund during the group's Annual Meetings in Washington, U.S., October 12, 2022. REUTERS/James Lawler Duggan
WASHINGTON (Reuters) - International Monetary Fund staff on Monday reached a staff-level agreement with Somalia that will allow the release of about $10 million to the East African country, once approved by the board, the head of the IMF mission told Reuters.
IMF mission chief Laura Jaramillo said the deal came after an in-person review of Somalia's Extended Credit Facility in Nairobi, Kenya. She praised authorities for sticking to economic reforms despite a prolonged drought, the impact of Russia's war in Ukraine and continued security concerns.
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