By HAN News Desk
MOGADISHU — Somalia’s economy is expected to grow by 3% in 2025, according to a new forecast from the International Monetary Fund (IMF), outpacing several countries in the Middle East and Asia, including Qatar, Pakistan, Jordan, Kuwait, and Iran.
The IMF report highlights that despite persistent challenges such as insecurity and global inflation, Somalia’s economy is showing steady progress driven by improving political stability, stronger financial management, and tax reforms.
The report credits the government’s fiscal discipline and reforms in revenue collection as key factors behind the growth. The IMF also noted that international support, investment in infrastructure, and the expansion of digital services, particularly in mobile banking and digital payments, have helped boost economic resilience.
“Somalia’s continued reforms and political stability are beginning to bear fruit,” the IMF report said.
The Fund, however, warned that the country still faces risks linked to security threats and climate shocks, urging sustained reforms and investment to maintain growth momentum.
Despite these challenges, Somalia’s projected growth places it ahead of several wealthier nations, underscoring the country’s gradual economic recovery after decades of instability.
