Program to Somalia Trust Fund for Capacity Development in Macroeconomic Policies and Statistics

Program contribution PIO grant to International Monetary Fund (IMF) for the Somalia Trust Fund for Capacity Development in Macroeconomic Policies and Statistics. IMF Advisory Services included: development of technical capacity at the Ministry of Finance and related agencies to analyze and formulate tax policy options for a decentralized system and to develop the fiscal regime in the utilization of natural resources. Technical assistance provided in 2016 on fiscal decentralization and natural resource taxation contributed to a draft model petroleum sharing agreement. Advisory services resulted in new revenue measures incorporated into FY 2017 appropriations bill which projected revenue increases of approximately $22m.