ECONOMY

Is Somalia gradually inching towards debt cancellation?

aturday, 19th of October 2019, seems to have been a glorious day for Somalia’s efforts to gain debt relief. In a visit to the United States of America, a high powered Somali delegation led by Prime Minister Hassan Ali Khayre, including Finance Minister Abdirahman Duale Beileh, met with donors and the bosses of the World Bank and the International Monetary Fund ...

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IMF chief Georgieva says supports debt relief for Somalia

International Monetary Fund Managing Director Kristalina Georgieva said on Saturday that she supports Somalia’s efforts to achieve debt relief through the global lender’s Highly Indebted Poor Country program. In a statement issued after her meeting in Washington with Somali Prime Minister Hassan Ali Khaire, Georgieva said Somalia was committed to making further reforms despite challenging circumstances, which were aimed at ...

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