Download or read book Somalia; Crisis in Economic and Financial Management written by Ali Issa Abdi and published by . This book was released on 2011-02-16 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study reviews the recent history of public finance mismanagement and its adverse impact on Somalia, drawing upon five decades of economic and financial mismanagement in the country. A principal thesis of the study is that, while decades-long poor sociopolitical governance and multiple other factors contributed to the implosion of the Somali central state, a crisis in financial and economic management-in particular, endemic misuse of public resoruces-is a root cause of the state collapse and a principal challenge facing national recovery. This crisis, manifested in practically non-existent financial integrity institutions, keeps the country insecure and unstable.