The Somali government says it will sustain a reform program that it has initiated in various sectors following the conclusion of an International Monetary Fund mission to the country.
The IMF mission says Somalia's economy is expected to grow 3.2 per cent in 2022 but faces downward risks.
The IMF says the country's growth will be supported by remittances, foreign direct investment, and increased public spending as grant financing unlocks once the elections process is complete.
It says inflation is expected at 6.5 per cent in 2022 due to higher food and energy prices while the fiscal deficit is expected to narrow to 0.5 per cent of the gross domestic product as revenues and budget grants recover.