Since 1991, the Somali economy has suffered from droughts, the absence of government, and local conflicts. Unlike the 1970s and 1980s when most of the output of the small industrial sector and many services were provided by the public sector, there has been significant (but unmeasured) private investment in commercial ventures, including in trade and marketing
money transfer services
transport
communications
airlines
telecommunications
other services including construction and hotels
education and health
and fishery equipment. In regard to the macroeconomic policy framework, the short to medium-term objectives are to: establish and maintain macroeconomic stability
develop a stable currency and a sound and growing public revenues base
establish core civil service institutions along with accountable budgetary processes, public finance management, and revenue systems
and reestablish financial services. In addition, it is important to establish data systems to secure the data needed to monitor social and economic developments and to inform sound policy and institutional development.