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IMF offers economic advice for Somali government

The International Monetary Fund recognized the government of Somalia Friday, ending a 22-year breaks in relations that could lead to the IMF technical and political support for the country.

"The International Monetary Fund has recognized the Federal Government of Somalia led by Sheikh Hassan Mohammed president, paving the way for the resumption of relations after a gap of 22 years, the IMF said in a statement."

This decision is consistent with broad international support and recognition from the federal government. "Somalia has been a member of the IMF since 1962, but broke off relations after the civil war of the 1990s left the country with" no government with which the Fund could try. 'S new government Mohammed, who took office in September 2012, "has since enjoyed considerable support, including the United States United Nations, African Union, European Union, the Organization of Islamic Cooperation, and many countries IMF members, "the IMF said. Somalia, however, still owes about $ 352 million to the Fund, and so is currently eligible for any new financing.

The country has been engulfed in civil strife and fighting between warlords chronic since the fall of dictator Mohamed Siad Barre in 1991.

A transitional government, backed by an African force, is beginning to consolidate after big wins against the Shebab, a violent Islamist group with links to al Qaeda.Shebab considered on the back foot, having lost a number of major cities in recent months to African Union forces, Somali and Ethiopian troops soldiers.

The Security Council of the UN last month suspended the arms embargo on Somalia for one year, easing the oldest international blockade of weapons to help the government to take on Islamist militants.But Washington believes that the group remains a threat to stability in the Horn of Africa and beyond. In 2010, Shebab is believed to have been behind the suicide bombings in Uganda, and earlier this year states that execute a French hostage.

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