Somalia seeks three-month extension of its IMF support programme


FILE PHOTO: A general view of Somalia’s capital Mogadishu October 25, 2015. REUTERS/Feisal Omar

NAIROBI (Reuters) -Somalia's government has asked the International Monetary Fund (IMF) to extend its financial support by three months to Aug. 17, the head of the IMF's country mission told Reuters.

The Washington-based fund warned in February that Somalia's delayed legislative and presidential elections put the renewal of the three-year budget support programme, worth nearly $400 million, at risk of automatic expiration this month.

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