Somalia on Wednesday secured a $4.5 billion debt relief deal with international creditors. The deal is part of the Heavily Indebted Poor Countries initiative, a debt forgiveness program overseen by ...
Somalia, ravaged by civil war, terrorism and economic hardship, is poised to receive substantial international debt relief, marking a crucial step in its reintegration into the global financial system ...
In an unprecedented move on 13 December, the IMF and World Bank confirmed a landmark $4.5bn debt reduction for Somalia, signaling a major stride in the nation’s decade-long reform efforts. This ...
As the world raises money to support relief work in parts of East Africa affected by a famine and severe drought, a small, but important fact remains largely unknown: the American government is ...
Washington, DC The International Monetary Fund (IMF) and the World Bank's International Development Association have determined that Somalia has taken the necessary steps to begin receiving debt ...
On December 13, 2023, the Executive Boards of the International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) approved Somalia’s Completion Point under the ...
WASHINGTON, December 13, 2023—The Executive Boards of the International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have approved the Heavily Indebted Poor ...
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